ADCO may award oilfield contract by year-end

ABU DHABI - Abu Dhabi Company for Onshore Oil Operations, or ADCO, is aiming at awarding a contract for the construction of Beda Al Qamzan Oil Fields, by the year-end to add 25,000 barrel of oil per day, to its capacity.

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Published: Tue 18 May 2010, 11:02 PM

Last updated: Mon 6 Apr 2015, 11:08 AM

The upcoming contract will be part of Adco’s target to ramp up its output to 1.8 million barrel of oil per day, in 2017, up against current levels of 1.4 million barrel per day or BOPD, to be carried out in phases, said Mohammed Juma, Deputy General Manager of Abu Dhabi Company for Onshore Oil Operations the company, while speaking to reporters, on the sidelines of The two-day the Middle East Pipelines Conference, being organised by the Energy Exchange, in the capital.

‘The onshore oil company is already buying materials, and plans to give contract on the Beda Al Qamzan Oil Fields, located in the shallow waters on Sila Road in the emirate. The processing of hydrocarbons will be done at the processing facilities in Buhasa,” he said.

“Near Qusawaira, there are several other small oil fields also, and ADCO is preparing technical studies to create a business need for them,” Juma said, adding “We will go with those projects, which are less expensive.”

NEB: The deputy general manager said that onshore oil company will award a major engineering and construction contract to develop Northeast Bab or NEB Oil Fields, to raise its daily output by another 120,000 barrels of oil. The proposed project is part of an overall strategy to boost onshore oil capacity by 30 per cent in 2017. He did not comment on the value of the EPC contract, saying cost estimates could only become clearer once the project goes into tender stage. In order to boost its output, Juma said.

—haseeb@khaleejtimes.com



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