ADNOC Awards $975 Mln Contract to Develop Offshore Field in UAE
UAE’s ADNOC Offshore has awarded a 3.588 billion dirhams ($975 million) artificial island construction contract to ADNOC Logistics & Services (ADNOC L&S). The project involves dredging, land reclamation, and marine construction for artificial island G at the Lower Zakum field offshore. ADNOC L&S is primed to execute major offshore engineering, procurement, and construction contracts. “The EPC market is expected to experience substantial growth in the region in the coming years,” the company said.