Petrofac Emirates and Daewoo win US$3.7 billion offshore Abu Dhabi contract

Petrofac offshore Abu DhabiThe contract will involve engineering, procurement and construction work on the Upper Zakum field, offshore Abu Dhabi. (Image source: Petrofac)A consortium consisting of Petrofac Emirates and Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a US$3.7bn contract for the field development of Upper Zakum (UZ750), offshore Abu Dhabi

The contract, which was awarded by Zakum Development Company (ZADCO), will include engineering, procurement, construction, transportation and commissioning of island surface facilities (EPC-2) on four artificial islands.

The share of the contract for Petrofac Emirates, a joint venture between Petrofac and Mubadala Petroleum, has been valued at US$2.9bn.

Subramanian Sarma, managing director of Petrofac’s Onshore Engineering & Construction (OEC) business, said, "I am delighted that Petrofac has been selected to deliver this landmark project for the Upper Zakum development in Abu Dhabi.

"Through Petrofac Emirates we continue to show our commitment to supporting the oil and gas industry in Abu Dhabi and this project builds on the substantial work we have underway in the UAE."

According to Petrofac, the contract will more specifically involve the procurement, installation and construction of wellhead controls, manifolds, crude oil process facilities, water injection and gas lifts, oil export pumps, power generation and associated utilities. These facilities have been scheduled to begin operations in 2016.

"We look forward to developing our relationship with ZADCO through the successful delivery of this strategically important project," Sarma added.

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