ADNOC subsidiary signs $402 million gas contract
ADMA-OPCO puts pen to paper with NPCC on major offshore gas contract
Other stories: Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry | 10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors
Abu Dhabi Marine Operating Company (ADMA-OPCO) has announced that it signed a contract worth $402 million for the engineering procurement and construction (EPC) of the Integrated Gas Development Project –Habshan Platform (IGD-HAP) with the National Petroleum Construction Company (NPCC).
IGD-HAP is the first package of several offshore and onshore packages of the multi billion dollar Integrated Gas Development Project (IGDP). The IGDP is a strategic initiative of the Abu Dhabi National Oil Company (ADNOC) to process and supply gas to meet the growing needs and development plans of Abu Dhabi.
“This challenge would not have been met but for the ambition, vision, leadership and support of ADNOC to utilize the best prevailing market conditions as golden opportunity for investment,” Ali Al-Jarwan, ADMA-OPCO GM said.
ADMA-OPCO’s responsibilities towards the project includes the offshore portion of gas production by drilling additional gas wells and processing platform at Umm Shaif for gas dehydration and transfer to Das Island through the new 46” 38 km main gas line to be laid under this contract.
Other contracts for the IGDP worth a total of $9.2 billion were awarded last week by Abu Dhabi Gas Industries Ltd. (GASCO). Both ADMA-OPCO and GASCO are both subsidiaries ADNOC.
NPCC is also a state-controlled company in Abu Dhabi.