Abu Dhabi National Oil Company (ADNOC) announced in a statement that it has awarded a contract for enhanced oil recovery (EOR) that will see first-of-its-kind technology deployed at AbuDhabi’s giant Bab field.
The construction contract, awarded to RobtStone (ME) LLC.
The value of the Contract is $227 million (AED834 million).
Designed by ADNOC, the technology will use advanced polymers and CO2 captured from our Carbon Capture Utilization and Storage (CCUS) facility, Al Reyadah, to boost recoverable reserves up to 70% while unlocking additional barrels of Murban crude.
The project marks another step towards boosting oil production capacity to 5 million barrels per day by 2030.
Project will see more than 60% of the value flow back into the #UAE’s economy under ADNOC’s flagship In-Country Value program.
The award also increases ADNOC’s ability to safely and commercially store greater amounts of CO2, supporting our sustainability ambitions.
