Petrofac Consortium Wins $3.7B Abu Dhabi Deal

Petrofac Consortium Wins $3.7B Abu Dhabi Deal

A Petrofac-led consortium has been awarded a $3.7-billion contract to supply the Upper Zakum, UZ750 field development in Abu Dhabi.

The contract was awarded by Zakum Development Company (an Abu Dhabi National Oil Company subsidiary). It has been secured by a consortium including Petrofac Emirates (Petrofac's joint venture with Mubadala Petroleum) and Daewoo Shipbuilding & Marine Engineering Company. Petrofac Emirates' share of the contract is valued at $2.9 billion.

Petrofac said the project comprises engineering, procurement, construction transportation and commissioning of island surface facilities on four artificial islands.  Specifically, this will include wellhead control, manifolds, crude oil process facilities, water injection and gas lift, oil export pumps, power generation and associated utilities. These facilities are scheduled to commence operations during 2016.

Subramanian Sarma, managing director of Petrofac's Onshore Engineering & Construction business, commented in a company statement:

"I am delighted that Petrofac has been selected to deliver this landmark project for the Upper Zakum development in Abu Dhabi. Through Petrofac Emirates we continue to show our commitment to supporting the oil & gas industry in Abu Dhabi and this project builds on the substantial work we have underway in the UAE.  We look forward to developing our relationship with ZADCO through the successful delivery of this strategically important project."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Wireline Field Operator
Expertise: Field Service Tech
Location: Odessa, TX
 
Wireline Field Operator - Cased/Open Hole (Texas Area)
Expertise: Field Service Tech
Location: Odessa, TX
 
Coil Tubing Lead Operators - San Antonio
Expertise: Coil Tubing
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours