UP to three leading international contracting giants are set to submit price offers within days to Abu Dhabi National Oil Company (Adnoc) for the further expansion of its giant Umm Shaif oilfield - a key component in the emirate's ambitious oil output capacity increase plans. Two people with direct knowledge of the tender process told Upstream that the trio are preparing commercial bids for the much-delayed offshore project that involves the first phase of its Umm Shaif Long term development Project (LTDP-1). Abu Dhabi is carrying out multiple greenfield and brownfield developments aimed at boosting its oil production capacity to 5 million barrels per day by 2030, up from the existing 4 million bpd. Price offers are due for submission on 11 October for Umm Shaif LTDP-1.
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