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ADNOC awards $744 million EPC contract for Belbazem Offshore Block field development 5/25/2021 ADNOC data visualization center Abu Dhabi, UAE â ADNOC announced the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximize value from all of Abu Dhabiâs fields as it expands its oil production capacity to 5 million barrels per day by 2030. Located 120 kilometers northwest of Abu Dhabi city, the Belbazem Block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou. Al Yasat Petroleum Operations Company Ltd (Al Yasat), ADNOCâs subsidiary and joint venture with China National Petroleum Corporation (CNPC), awarded the engineering, procurement and construction (EPC) contract to the National Petroleum Construction Company (NPCC). ADNOC and CNPC hold 60% and 40% stakes in Al Yasat respe ....
DUBAI: The Abu Dhabi National Oil Company (ADNOC) has awarded a $744 million contract for the full field development of the Belbazem Offshore Block as it expands its production capacity to 5 million barrels per day (bpd) by 2030. Located 120 kilometers northwest of Abu Dhabi city, the Belbazem Block consists of three marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou. ADNOC unit Al Yasat Petroleum Operations Company and joint venture with China National Petroleum Corporation awarded the engineering, procurement and construction contract to the National Petroleum Construction Company (NPCC). ADNOC and CNPC hold 60 percent and 40 percent stakes in Al Yasat respectively. ....
ADNOC awards $744 million contract for full field development of Belbazem Offshore Block Tue 25th May 2021 | 11:45 AM ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 25th May, 2021) The Abu Dhabi National OilCompany (ADNOC) today announced the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximise value fromall of Abu Dhabiâs fields as it expands its oil production capacity to 5 million barrels per day (mmbpd) by 2030. Located 120 kilometres northwest of Abu Dhabi city, the Belbazem Block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou. ....
Abu Dhabi’s ADNOC awards $744m EPC contract to NPCC The development will enable the Belbazem offshore block to achieve a crude oil production capacity of 45,000 bpd with first oil expected in 2023 by Zainab Mansoor May 25, 2021 UAE state-owned energy company Abu Dhabi National Oil Company (ADNOC) has awarded a $744m (Dhs2.73bn) contract for the full field development of the Belbazem Offshore Block. Al Yasat Petroleum Operations Company (Al Yasat), ADNOC’s subsidiary and joint venture with China National Petroleum Corporation (CNPC), awarded the contract to the National Petroleum Construction Company (NPCC). The block consists of three offshore fields – Belbazem, Umm Al Salsal, and Umm Al Dholou. ....