ADNOC invests $318mn to connect smart wells to Bu Hasa facility ...United Arab Emirates

$318 million is set to be invested by the Abu Dhabi National Oil Company (ADNOC) to connect its newly drilled smart wells to its main production facilities in Bu Hasa. The move will help ADNOC sustain its production capacity of 650,000 barrels per day (bpd) at its largest onshore asset. According to a statement, the engineering, procurement and construction (EPC) contract has been awarded in two packages by ADNOC’s subsidiary, ADNOC Onshore. Package 1 is valued at $158.6 million and was awarded to China Petroleum Pipeline Engineering Company, while Package 2 worth $159.1 million has been awarded to Robt Stone (ME). The duration of the contracts is three years, with the option of a two-year e

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ADNOC invests $318mn to connect smart wells to Bu Hasa facility ...United Arab Emirates

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