US$ 85.7 mn Adnoc Onshore contract won by Arabtec
Posted on 28th June 2019
According to *Arabian Business news report, Dubai-based Arabtec Holding has announced that a subsidiary has secured a AED315 million ($85.7m) contract from Tecnicas Reunidas for Adnoc Onshore’s Bu Hasa Integrated Field Development Project.
Target Engineering Construction Company had previously been awarded a AED521m ($141.8m) deal at the project in November 2018. The latest announcement takes the total value of the contract up to AED836m ($227.5m).
The scope includes the general construction and expansion of the existing Bu Hasa oil pad hubs, the gas lift phase II and the produced water re-injection phase I and II.
The project will take production output up to 650,000 barrels per day by October 2021.
Arabtec acting group chief executive officer, Peter Pollard, said: “We continue to strengthen our industrial infrastructure portfolio, supporting our strategic priority to diversify our backlog. More than 50 percent of our current backlog is spread across social, economic and industrial infrastructure and we will continue to build on our competencies to onboard similar projects in our core geographies.”
The contract is scheduled to start this month and be completed in 28 months.
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