Dubai has awarded an EPC contract to France’s Technip for the offshore Jalilah field, the first major related contract since the discovery was announced 2010. Jalilah would be Dubai’s first upstream development in decades; the UAE emirate has weaned itself off oil as a key revenue source as oil production slid into terminal decline.
Technip says it has been awarded a “substantial” contract by state-owned DPE for the engineering, procurement, construction and installation of the Jalilah B field development project, 90km offshore Dubai at water depths of up to 60m. Technip did not give a value but defines contracts worth €100-250mn as “substantial.” (CONTINUED - 391 WORDS)
