ADNOC AGREEMENTS Framework agreements worth up to $ 1 billion

Abu Dhabi National Petroleum Corporation (EDNOC) has announced that it has extended its full value chain to major projects for planning and advanced engineering design (FEED) services up to $ 1 billion (AED 3.67 billion). Delivering the 2030 strategy.

Framework agreements have been signed with Wood Group, Floor, McDemert, Death McDonald, SNC-Lavalin International Arabia Limited – Abukebi, Kentek Group, Technical Energy, Worley and joint venture AMEC International Limited. Partnership between Technical Reunidas and NPCC. ADNOC described the eight companies as “advanced” international engineering contractors, and said the scope of the agreement was based on the criteria set out by the ADNOC team for external project engineering services.

The agreement lasts for five years, and Adenok emphasizes the possibility of a two-year extension. The eight contractors pledged to establish and implement improved training programs to further enhance local knowledge and enable knowledge transfer, he said.

Abdulmuneim Saif al-Kendi, Executive Director of ADNOC People, Technology and Enterprise Support, said: “We are delighted to be partnering with eight of the top engineers in our value chain to deliver the best-of-breed engineering to our strategic projects. , Said in a statement.

“These framework agreements follow a very competitive bidding process and the ingenuity of the agreements provides significant cost savings, facilitates project submission programs and actively responds to growing energy needs and drive rapid growth. Landscape, ”Kindi added in a statement.

“The agreements also include the potential to create more trained jobs for the Emirati, especially in the United Arab Emirates, which will add more economic value to the country than our contract rewards.” To say.

Edinok recalls on the site that the 2030 strategy is important to ensure future success and change the business. The strategy is said to focus on three compelling issues – creating a more profitable basin, creating a more cost-effective basin and creating a more sustainable and economical gas supply.

Last month, Edinock announced that it had invested $ 763.7 million (AED2.8 billion) in integrated services on the six man-made islands in the Zach and Satah al-Razbott fields. By 2030. In May, the company announced that it has awarded a $ 744 million (AED2.73 billion) contract to complete full field development and investment of up to $ 318 million (AED1.16 billion) for Belbazim Beach Block. Modern wells in Bu Hasa to the main production facilities.

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