The Abu Dhabi National Oil Company (ADNOC) announced in a statement that its subsidiary has awarded the contract for the full field development of the Belbazem Offshore Block.
Al Yasat Petroleum Operations Company Ltd (Al Yasat), ADNOC’s subsidiary and joint venture (JV) with China National Petroleum Corporation (CNPC), awarded the engineering, procurement and construction (EPC) contract to the National Petroleum Construction Company (NPCC).
The value of the signed contract is AED 2.73 billion ($744 million).
The Project is located 120 kilometers northwest of Abu Dhabi city, the Belbazem Block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.
The project scope includes three offshore Well Head Towers (WHTs), one in each of the Block’s three fields, interconnecting sub-sea pipelines, and cables to Zirku Island, located around 60 kilometers from Belbazem field.
The scope also covers the development of greenfield facilities for water injection, produced water treatment, gas compression, and associated utilities as well as brownfield works for tie-in to existing facilities at Zirku Island.
The scope of the award covers engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45,000 bpd of light crude with API gravity of around 35 degrees and 27 million standard cubic feet per day (mmscfd) of associated gas from Belbazem. First oil is expected in 2023.
Al Yasat’s concession areas cover two blocks; one offshore and one mixed onshore/offshore. The offshore block includes oil fields at Bu Haseer, Belbazem, Umm Al Salsal, Umm Al Dholou, and Arzanah while the onshore/offshore block is located southwest of Abu Dhabi city. The company is focused on exploring and developing both concession areas using a lean operating model. Bu Haseer is the first of Al Yasat’s fields to come online following the start of production in 2018.
ADNOC and CNPC hold 60% and 40% stakes in Al Yasat respectively.
