UAE-based National Petroleum Construction Company (NPCC) has secured an engineering, procurement and construction (EPC) contract for the full field development of Belbazem Offshore Block.
The $744m (AED2.73bn) contract has been awarded by Al Yasat Petroleum Operations, which is a 60:40 joint venture between ADNOC and China National Petroleum Corporation (CNPC).
Go deeper with GlobalData
NPCC will be responsible for the engineering, procurement and construction and commissioning activities for the offshore facilities at the Belbazem block, which holds three marginal fields, namely Belbazem, Umm Al Salsal, and Umm Al Dholou.
The offshore facilities will enable a full production capacity of 45,000 barrels per day (bpd) of light crude along with 27 million standard cubic feet per day (MMscfd) of associated gas.
The scope of the contract also includes three offshore well head towers (WHTs) for installation at each of the three fields, interconnecting sub-sea pipelines and cables to Zirku Island.
It is located nearly 60km from Belbazem Offshore Block.
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.
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 GlobalDataThe firm will also develop greenfield facilities for water injection, water treatment, gas compression, and related utilities along with brownfield works for tie-in to existing facilities at Zirku.
ADNOC upstream executive director Yaser Saeed Almazrouei said: “This award demonstrates our commitment to maximise value from all of Abu Dhabi’s hydrocarbon resources for the benefit of the UAE and our partners.
“NPCC was selected after a rigorous tender process that ensures it will deploy best-in-class technology and expertise to execute this strategic project, with a substantial part of the award value flowing back into the UAE’s economy to stimulate local economic growth, in line with the wise directives of our Leadership.”
ADNOC expects the full field development of the offshore block to help achieve its aim of five million barrels per day (MMbpd) of oil production capacity by 2030.
Production from the Belbazem Offshore Block is anticipated to start in 2023.
