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ADCO Awards Tecnimont SPA $2.3bn EPC Contract

Source: www.gulfoilandgas.com 12/11/2014, Location: Middle East

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Maire Tecnimont S.p.A. has signed an EPC contract with Abu Dhabi Company for Onshore Oil Operations (ADCO) for the execution of the Phase III of Al-Dabbiya Surface Facilities, in Abu Dhabi, UAE.

Overall Project value is about USD 2.254 billion.

ADCO is one of ADNOC Group of Companies,one of the world’s largestoil companies, and operates the Al-Dabbiya field which is located 40 km South West from the city of Abu Dhabi.

Al-Dabbiya Phase III is part of the ADCO North East Bab (NEB) development program. The current Project’s scope of work consists in the EPC activities up to Performance Tests for the expansion of the existing facility. It will encompass the following main parts:

Gathering crude oil system through a network of pipelines;

Central Process Plant (CPP);

Oil and Gas Export pipelines;

For its magnitude and technical standing, this can be considered Maire Tecnimont Group’s flagship project in terms of Oil & Gas business experience, following the successful completion of GASCO Habshan 5. Moreover, it will consolidate the long lasting presence in the country and will represent the top reference for the Group.

Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “It is an honor to further strengthen a long lasting relationship with such a prestigious client like ADNOC Group, widening this fruitful relation by working for ADCO, one of the leading players in the industry. We are eager to contribute to the development of UAE’s industrial sector once again, as we have been doing for a very long time in the region. With this contract, we expand our Oil & Gas business in such a valuable market and consolidate an already strong track record, built on world class project management skills. This project confirms our strategy of pursuing EPC business in selective, well known geographies.”

For more information about related Opportunities and Key Players visit GCC Oil and Gas Projects

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