Abu Dhabi National Oil Company (ADNOC), UAE announced in a statement that its Subsidiary ADNOC onshore has awarded expansion of Al Nouf oil field project. Al Nouf field is located approximately 85 kilometers southwest of Abu Dhabi, and has been producing since 2005.
The Project has been awarded to Robt Stone (ME)-LLC.
The value of the contract is AED 686.7 million (USD 187 million).
The new Engineering, Procurement and Construction (EPC) contract will increase the Al Nouf field capacity from 160,000 barrels per day (bpd) to 175,000 bpd by 2024. Al Nouf Development will add more than 20 new wells to the field and expand the use of water and gas (WAG) injection for enhanced oil recovery.
The Duration of the project is 39 months.
The investment will unlock even greater value from the maturing field and will contribute to achieving ADNOC’s 5 million barrels per day oil production capacity target by 2030, statement said.
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