ADNOC Fuel PLC on Tuesday mentioned it had permitted section one of many Wealthy Fuel Growth (RGD) undertaking within the United Arab Emirates and awarded $5 billion price of contracts.
“The contracts contain increasing key processing items to extend throughput and enhance operational effectivity throughout 4 ADNOC Fuel Amenities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore)”, Abu Dhabi Nationwide Oil Co.’s gasoline processing and gross sales arm mentioned in a web-based assertion.
“The corporate intends to take FIDs [final investment decisions] on two further phases of the RGD undertaking at Habshan and Ruwais to allow the supply of higher manufacturing capability to satisfy rising market calls for.
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“The RGD undertaking will allow the event of recent gasoline reservoirs, that are key to boosting liquid gasoline exports, supporting gasoline self-sufficiency within the UAE, and offering important feedstock to the nation’s rising petrochemical trade”.
ADNOC Fuel’ gross sales volumes final 12 months grew two p.c to three,616 million MMBtu. It covers about 60 p.c of the UAE’s gross sales gasoline wants, in addition to provides over twenty international locations, in keeping with the corporate.
The RGD section 1 contracts have been awarded in three tranches. The majority at $2.8 billion went to Aberdeen, Scotland-based John Wooden Group PLC for Habshan, presently a five-plant gasoline processing complicated with a capability of 6.1 billion commonplace cubic ft a day by way of 14 trains.
“Wooden’s scope consists of the supply of considerable upgrades and debottlenecking options to the present Habshan and Habshan 5 gasoline processing mega-complexes and pipelines, together with brownfield modifications and the set up of recent services”, the contractor mentioned in a press launch.
“The undertaking might be delivered by greater than 500 Wooden engineering, undertaking administration and commissioning specialists primarily based in Abu Dhabi with help from the corporate’s world engineering hubs”, Wooden added. Completion is anticipated 2027.
Jersey-based Petrofac Ltd. bagged a $1.2 billion contract for the Das Island liquefaction facility, which presently has a capability of six million metric tons a 12 months.
“Petrofac will present EPCM [engineering, procurement and construction management] providers and oversee procurement and development contracts to construct a brand new inlet facility, two new gasoline dehydration and compression trains, every with a capability of 420 million commonplace cubic ft per day, and related infrastructure”, Petrofac mentioned individually.
A 3rd tranche valued $1.1 billion went to Dubai-based Kent PLC for the Asab and Buhasa parts of the RGD undertaking, ADNOC Fuel mentioned.
“The FID and contract awards for the primary section of the Wealthy Fuel Growth undertaking mark a major milestone in ADNOC Fuel’ technique to ship +40 p.c EBITDA [earnings before interest, taxes, depreciation and amortization] progress between 2023 and 2029”, ADNOC Fuel chief govt Fatema Al Nuaimi mentioned.
To contact the creator, e mail jov.onsat@rigzone.com
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