After recently announcing that it had US$2 billion to spend on construction contracts, Abu Dhabi Company for Onshore Operations (ADCO) has awarded a $818 million contract for the engineering, procurement and construction of its Bab gas compression project in Abu Dhabi to SK Engineering & Construction.
The contract will last for three years and involves the installation of three gas compression units by the South Korean company. The contract was signed at a special ceremony by the general manager of ADCO, Abdul Munim al Kindy, and the president of S.K. Engineering, K.C. Choi.
“This big investment also shows the UAE’s commitment to playing an active role in securing future energy supplies,“ Kindy said.
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ADCO is a subsidiary of the Abu Dhabi National Oil Company (ADNOC) that concentrates on developing onshore oil and gas fields. The gas produced will be fed directly into the UAE’s domestic network.
The contract for supplying gas compressors was awarded to German company, Man Turbo, by ADCO.Â
