Adnoc’s Al Yasat awards offshore contract to NPCC

ABU DHABI / WAM

Al Yasat Company for Petroleum Operations (Al Yasat), a subsidiary of the Abu Dhabi National Oil Company (Adnoc) has awarded the Engineering, Procurement and Construction (EPC) contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company (NPCC).
The agreement covers engineering, procurement, construction, and commissioning activities for offshore facilities, which will see production capacity from the Bu Haseer field increase from today’s 8,000 bpd to 16,000 bpd in 2020.
A key feature of the award is that over half the value of the NPCC contract will feed back into the local economy under Adnoc’s in-country value programme.
The programme seeks to stimulate private sector partnerships and opportunities resulting from its 2030 gro-wth strategy, catalyse socio-economic development, imp- rove knowledge transfer and create additional employment for UAE nationals. It reinforces the company’s com- mitment to supporting local businesses and their role in driving economic diversification and GDP growth.
Abdulmunim Al Kindy, Upstream Director at Adnoc, said, “The award of the EPC contract, to further develop Bu Haseer, one of our most recent upstream developments, illustrates our commitment to growing production capacity and is part of our 2030 smart growth strategy, driving a more profitable upstream. Bu Haseer, which forms part of two exploration blocks awar-ded to CNPC in 2013, demonstrates substantial exploration and production potential of Abu Dhabi’s subsurface and the commercial opportunities to maximise value from our upstream resources.”
The Al Yasat JV includes two concession blocks, one offshore and one mixed onshore/ offshore. The offshore block, in addition to Bu Haseer, includes a number of oil and gas fields currently under appraisal and development including Belbazem, Umm Al Dholou, and Umm Al Salsal.