NPCC-Technip JV wins $817 mln Abu Dhabi deal
Published Date : 12, Jul 2012
(Reuters) - Abu Dhabi-based oil and gas services contractor National
Petroleum Construction Co (NPCC) and French group Technip have been
jointly awarded a nearly 3 billion dirham ($817 million) contract to
build offshore facilities at an oil field in Abu Dhabi, two sources
The contract is for the first phase of Zakum
Development Co's (Zadco) expansion at its offshore oil field whose
production will rise 100,000 barrels per day (bpd) when completed, one
of the sources told Reuters on Monday.
"This is one of the big contracts NPCC and Technip have
jointly won in Abu Dhabi this year. The two will be bidding for some
more projects," a second source familiar with the matter said.
Zadco, which operates the Upper Zakum field that is
ranked as the world's fourth largest by the company, produces 500,000
bpd and plans to lift that to 750,000 by 2015.