ADNOC makes major investment in smart wells at Bu Hasa
Abu Dhabi 
ABU DHABI, May 19, 2021 – Abu Dhabi’s ADNOC will invest up to USD 318 million to connect newly drilled smart wells to the main production facilities at Bu Hasa, sustaining production at its largest onshore asset.
The company announced on Tuesday that subsidiary ADNOC Onshore had awarded two EPC contracts as part of the initiative.
Package 1, valued at up to USD 158.6 million, has been awarded to China Petroleum Pipeline Engineering Company. Package 2, valued at up to USD 159.1 million, has been awarded to Robt Stone (ME).
The three-year contracts, awarded in a competitive tender, are aimed at sustaining Bu Hasa’s production capacity at 650,000 bopd. As many as 260 conventional and non-conventional smart wells will be installed, enabling remote operations.
Procurement for the contracts will take place under ADNOC’s new optimised tendering system, announced earlier this month.
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