Abu Dhabi Marine Operating Company (Adma-Opco), which last year produced an average of 600,000 b/d, according to its publication ADMA Magazine, has signed $2.39bn in engineering contracts to boost production capacity, it said on 2 April. The awards are for the Satah al-Razboot (SARB) Full Field Development Project – a $1.89bn engineering, procurement and construction (EPC) contract with Korea’s Hyundai, and one valued at $500mn with Petrofac International.
The project is part of the overall scheme of Adma-Opco – state owned ADNOC 60%, BP 14.66%, Total 13.34% and Jodco 12% – to add 395,000 b/d of production capacity from offshore fields by 2018, with 100,000 b/d coming from the SARB oilfield in 2017-18. Adma-Opco will start drilling by mid-2014 MEES learns, with three land rigs on two artificial islands SARB-1 and SARB-2, which are being built. Hyundai is also bidding for contracts for Adma-Opco’s undeveloped Umm al-Lulu field, which is scheduled to produce 105,000 b/d in 2016. When Adma-Opco brings new production on stream by end 2018, including expanding Lower Zakum, it will boost capacity by almost 400,000 b/d. Current total offshore production is at 1,193,000 b/d. (CONTINUED - 305 WORDS)
