The EPC contracts were signed at Abu Dhabi International Progressive Energy Congress (ADIPEC). Credit: ADNOC.

Abu Dhabi National Oil Company (ADNOC) has announced the financial investment decision (FID) for the Hail and Ghasha offshore development project.

Concurrently, the Middle East oil and gas major awarded two engineering, procurement, and construction (EPC) contracts worth $16.9bn (SR63.39bn) for the project.

The Ghasha concession in Abu Dhabi, which includes the Hail and Ghasha, is expected to produce more than 1.5 billion standard cubic feet per day of gas by 2030.

ADNOC statedd advanced decarbonisation technologies are embedded into the project design to ensure that the project operates with net zero CO₂ emissions.

With the capacity to capture 1.5 million tonnes per annum (mtpa) of CO₂, the Hail and Ghasha is anticipated to take ADNOC’s carbon capture capacity to nearly 4mtpa.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also:

The first EPC contract was awarded to a consortium comprising Abu Dhabi-based National Petroleum Construction Company (NPCC) and Saipem, an Italian oilfield services provider.

Valued at around $8.2bn, according to Reuters, the offshore contract comprises four drilling centres and a processing facility, which will be built on artificial islands.

The scope of work also includes several offshore structures and over 300km of subsea pipelines, said Saipem.

ADNOC awarded the second EPC contract, worth $8.7bn, to Tecnimont, also an Italian engineering company.

Tecnimont said the contract will see it build the onshore processing unit of the Hail and Ghasha Development Project.

Specifically, the scope of second EPC contract includes two gas processing facilities, three sulphur recovery unit, export pipelines, associated utilities and offsites.

ADNOC said more than 60% of the investment in the whole project will flow back to the country’s economy.

ADNOC upstream executive director Abdulmunim Al Kindy said: “The final investment decision, for Hail and Ghasha, is a major milestone for ADNOC and our strategic partners and we are delighted to progress this pioneering project with net zero carbon dioxide emissions, significantly boosting ADNOC’s carbon capture capacity as we work toward a lower carbon future.

“The project will drive in-country value, provide highly skilled career opportunities for UAE Nationals and stimulate socio-economic growth for the nation. Natural gas is an important transition fuel and ADNOC will continue to responsibly unlock its gas resources to enable gas self-sufficiency for the UAE, grow our export capacity and support global energy security.”

In late September 2023, ADNOC awarded a $615m EPC contract to Petrofac for the Habshan carbon capture, utilisation and storage project.