ADNOC Awards Contracts Worth Over $5.55 Billion for the Shah Sour Gas Project After ConocoPhillips Pulls Out

摘要

As if to stress its determination to go ahead with its plans for developing the sour gas reserves of the Shah oil field with or without a foreign partner, Abu Dhabi National Oil Company (ADNOC) was quick to award five EPC (engineering, procurement and construction) contracts worth $5.55 billion, as well as two project management consulting (PMC) services contracts, the day after ConocoPhillips announced its withdrawal from the project on 28 April (AOG, 1 May, 2010). ADNOC pointed out that the facilities were scheduled for completion in 2014. A contract for an initial works package had been awarded to the local firm Al-Jaber Energy Services in March; worth Dh 1.1 billion ($300 million), it covered the preparation of the whole site (AOG, 1 April, 2010).