Technical bids for the estimated $400m Umm Shaif LTDP phase one project were submitted in August last year Abu Dhabi National Oil Company (Adnoc) has postponed the commercial bid submission schedule for its estimated $400m Umm Shaif long-term development plan (LTDP) phase one project, according to sources.
MEED recently reported that contractors bidding for the offshore project were set a 14 March deadline by Adnoc to submit commercial bids. The previous deadline was 4 February.
Adnoc has once again deferred the bidding timeline for the Umm Shaif LTDP phase one project, and has yet to announce a new date for price submissions for the project, sources said.
Technical bids for the project were submitted by 20 August last year, following which Adnoc Offshore engaged in technical discussions with the bidders.
Contractors that are understood to be bidding for Umm Shaif LTDP phase one are:
- Larsen & Toubro Hydrocarbon Engineering (India)/Saipem (Italy)
- Petrofac (UK)/Sapura Energy (Malaysia)
- National Petroleum Construction Company (UAE)
Canadian firm SNC-Lavalin is performing the front-engineering and design works on the project.
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Umm Shaif offshore field The Umm Shaif oil and gas field is located in the Umm Shaif and Nasr hydrocarbons block of Abu Dhabi’s premium offshore concession, previously operated by erstwhile Adnoc group companies Adma-Opco and Zadco.
Between March and April 2018, Adnoc awarded a 10 per cent stake in the Umm Shaif and Nasr offshore block to Italy’s Eni, 20 per cent to France’s Total and 10 per cent to China National Petroleum Corporation, itself retaining the majority 60% interest.
The operators currently produce about 460,000 barrels a day (b/d) from the Umm Shaif and Nasr block. With the Umm Shaif LTDP project, Adnoc Offshore aims to raise the field’s output by another 75,000 b/d in two phases.
The Umm Shaif LTDP project is part of the Abu Dhabi energy major’s strategic objective to achieve an overall oil production spare capacity of 5 million b/d in this decade.
In May last year, MEED reported that Adnoc Offshore had issued the invitation to bid for the Umm Shaif LTDP phase one project. LTDP phase two, currently in the study phase, is understood to be a bigger project, estimated to be worth $1.5bn-$2bn.
This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here