ADNOC invests $318m for smart wells installation : vimarsana

ADNOC invests $318m for smart wells installation


RIYADH: The Abu Dhabi National Oil Co. (ADNOC), announced today, an investment of up to $318 million to connect newly drilled smart wells to the main production facilities at Bu Hasa, WAM reported.
This will sustain a 650,000 barrels per day (bpd) production capacity at ADNOC’s largest onshore asset.
The engineering, procurement and construction (EPC) contract has been awarded in two packages by ADNOC’s subsidiary, ADNOC Onshore. 
Package 1 is valued at up to $158.6 million  and has been awarded to China Petroleum Pipeline Engineering Co. Ltd, while Package 2, with a value of up to $159.1 million has been awarded to Robt Stone (ME) LLC. 

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