ADNOC subsidiary signs US$2.4bn worth of contracts for SARB development

offshore-adnocAbu Dhabi Marine Operating Company (ADMA-OPCO), a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed two engineering, procurement and construction (EPC) contracts worth a total of US$2.4bn for the development of Satah Al Razboot (SARB) oil field

The projects will be conducted in collaboration with South Korean contractor Hyundai Engineering and Construction Company (HDEC) and Petrofac International, Abu Dhabi.

As part of the overall scheme of ADMA-OPCO to add 300,000 bpd of additional production from its new offshore fields, the projects would have about 100,000 bpd coming from SARB oilfield to be developed through seven packages.

Onshore package No. 4 has been awarded to HDEC for US$1.89bn, while the offshore package No. 3 has been awarded to Petrofac International for US$515.4mn.

Abu Dhabi government has said it will invest US$70.7bn to boost oil production capacity from 2.8mn bpd to 3.5mn bpd by 2017.

For the development of SARB oilfield, ADMA-OPCO selected two artificial falcon-shaped islands, SARB-1 and SARB-2, that were currently under construction about 120 km northwest of Abu Dhabi.

Ali Rashed Al Jarwan, CEO of ADMA-OPCO, said, “The offshore works undertaken by Petrofac mainly include around 200km of subsea pipelines, 55km of subsea cables, a single point mooring crude loading facility, four offshore flares and two riser platforms, in addition to drilling utilities on the artificial islands.

“The onshore facilities EPC work undertaken by HDEC covers processing, storage and export facilities on Zirku Island and wellhead facilities on two artificial Islands.”

Abhay Bhargava, head, energy and power systems practice at Frost and Sullivan, said, “SARB development is a part of the critical push from Abu Dhabi’s side to ramp up the production by nearly 35 per cent to 3.5mn bpd. The project is significant considering that this is part of the Emirate’s push to increase production from offshore developments, and the usage of artificial islands.

“When completed in April 2017, SARB will be the first offshore digital intelligent oil field development with a state-of-the-art technology in automated facility in the UAE. The modular construction, energy efficiency and environmental compliance are major cornerstones of the project design,” ADMA-OPCO said in a statement.

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