Abu Dhabi: The Abu Dhabi Company for Onshore Oil Operations (Adco) plans to award a construction contract for the Bida Al Qemzan field this year and will float a tender for the development of the North East of Bab (Neb) field by 2013-14, a senior Adco official said here yesterday.
"The contract for Bida Al Qemzan will not be as big as what we have awarded already," Mohammad Juma Abdullah Bin Juma, assistant general manager (new development) at Adco, told reporters on the sidelines of an industry conference.
He said Adco's expansion projects are on track.
"[The] gas compression project has already been awarded to SK, a Korean company, Al Qusahwira and Bab projects to NPCC (National Petroleum Construction Company), SAS project to Petrofac for Asab field and to TR for Sahil and Shah fields," said Bin Juma.
"These projects are as per schedule and will be executed on time. Adco will act as per the Abu Dhabi government's requirements," he added.
Adco's general manager said previously the company plans to award contracts worth around $12 billion (Dh44.13 billion) over the next seven years aimed at increasing its sustainable oil production capacity to 1.8 million barrels per day (bpd) by 2017 from 1.4 million bpd at present.
Adco plans to award around $1.8 billion worth of engineering, procurement and construction (EPC) contracts in 2010 to develop the Bab, Qusahwira and Bida Al Qemzan fields in the emirate of Abu Dhabi. Last year, Adco awarded EPC contracts worth $3.5 billion for upgrading and expanding of its Shah, Asab and Sahil fields.
Adco's natural gas output is 4.5 billion standard cubic feet of gas per day. Of this, around two billion cubic feet per day of gas is on condensate recycling.