Arabtec's Target Engineering wins $86mn Tecnicas Reunidas contract for ADNOC's Bu Hasa field
Target has been awarded a total of $227.5mn in contracts for ADNOC's Bu Hasa Integrated Field Development project
Target Engineering, a subsidiary of Dubai Financial Market-listed Arabtec Holdings, won a $85.7mn contract from Tecnicas Reunideas for ADNOC's Bu Hasa Integrated Field Development project.
This expands its scope of work on the project, and follows a $141.8mn contract awarded to Target for the same project in November 2018 by Tecnicas Reunidas.
“We are pleased that Tecnicas Reunidas has awarded Target the extended works for the Adnoc Onshore project, which reflects our solid relationships across the markets in which we operate," said Arabtec acting group chief executive officer, Peter Pollard.
According to Oil & Gas Middle East's sister title Construction Week, the new contract will expand Target's work on the project, including general construction and expansion of existing oil pad hub, gas lift Phase 2, as well as the first and second phases of the produced water re-injection.
"More than 50% of our current backlog is spread across social, economic and industrial infrastructure and we will continue to build on our competencies to onboard similar projects in our core geographies," Pollard said.