Técnicas Reunidas wins $1.4-bln Abu Dhabi deal
Abu Dhabi The project will increase the field’s production capacity to around 650,000 bopd by 2020, ADNOC said in a statement released on Wednesday. The field’s 2017 production stood at 550,000 bopd.
The deal, signed on the sidelines of this week’s ADIPEC conference in Abu Dhabi, will see Técnicas Reunidas carry out EPC works lasting around 39 months. The Spanish company will be expected to devote 60% of spending to local content.
The Bu Hasa field is operated by state-owned ADNOC Onshore. The tender process for the new upgrade and expansion began in February 2017.
Recent Posts
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More