NPCC and Petrofac JV Awarded Offshore Contract by Al Yasat Petroleum, an ADNOC Group Company

Source Press Release
Company PetrofacADNOC 
Tags Service Contracts, Production/Development, Upstream Activities, Strategy - Upstream, Strategy - Corporate
Date July 29, 2019

National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum (an ADNOC Group company, and JV with  CNPC) to provide Front End Engineering Design (FEED) services for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE. The scope of work includes the submission of a FEED package and proposal for the engineering, procurement, construction and installation (EPCI) of the facilities, with the execution of the EPCI work to be awarded on a design competition basis.

Eng. Ahmed Al Dhaheri, CEO of NPCC, said: “We are delighted to have won this competitive bid and participate in the design competition, and we look forward to the successful delivery of our scope in collaboration with our partners at PetrofacADNOC and its Group Companies are strategic partners and valued clients to NPCC, and we have together achieved a number of milestones including the recent load-out of one of the world’s largest offshore oil platforms to mark the completion of phase two of Umm Lulu’s super complex development. We are committed to supporting  ADNOC’s expansion plans to increase their production capacity from 4 million b/d by the end of 2020 to 5 million b/d by 2030, and we look forward to executing more onshore and offshore projects in Abu Dhabi and the UAE.”

Mani Rajapathy, Managing Director, Petrofac EPS East, said: “This award continues to demonstrate our competitive profile in the UAE at the early stages of a project’s development. It complements the wider contracts that we are already engaged in across the  ADNOC Group, further deepening our relationship with an important customer in this core market.”

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd