Abu Dhabi National Oil Company (Adnoc) is investing $187m (AED686.7m) to increase the production output at the Al Nouf oilfield.
The investment will increase the maturing field’s production from 160,000 barrels per day (bpd) to 175,000 barrels per day by 2024.
As part of the development plan, more than 20 new wells will be added to the Al Nouf field.
The development plan also expands the usage of water and gas (WAG) injection for enhanced oil recovery.
Adnoc expects the investment to tap even greater value from the field while contributing to its goal of reaching five million barrels per day oil production capacity by 2030.
To develop the field, ADNOC Onshore has awarded an engineering, procurement and construction (EPC) contract to Abu Dhabi-based Robt Stone (ME).
Located 85km south-west of Abu Dhabi, the Al Nouf oilfield entered the production phase in 2005.
In July this year, the state-owned company awarded three contracts worth a combined $763.7m to boost production capacity from the Upper Zakum and Satah Al Razboot (Sarb) offshore fields.
The five-year contracts for integrated rigless services were awarded to Schlumberger, Halliburton, and Adnoc Drilling, a subsidiary of Adnoc.
Adnoc also awarded a $744m EPC contract in May 2021 to UAE-based National Petroleum Construction Company (NPCC) for the full field development of Belbazem Offshore Block.
NPCC is responsible for developing the offshore facilities at the Belbazem block, which holds three marginal fields, namely Belbazem, Umm Al Salsal, and Umm Al Dholou.
Production from the Belbazem Offshore Block is planned to commence in 2023.