Adnoc awards Bu Haseer oil field contract to NPCC

Abu Dhabi: Al Yasat Company for Petroleum Operations (Al Yasat), a subsidiary of the Abu Dhabi National Oil Company, has awarded an oil field development contract to Abu Dhabi’s National Petroleum Construction Company (NPCC).

According to Adnoc, the agreement covers engineering, procurement, construction, and commissioning activities for offshore facilities, which will see production capacity from the Bu Haseer field increase from 8,000 barrels per day (BPD) to 16,000 bpd in 2020.

“The award of the EPC contract, to further develop Bu Haseer, one of our most recent upstream developments, illustrates our commitment to growing production capacity and is part of our 2030 smart growth strategy, driving a more profitable upstream,” said Abdulmunim Al Kindy, upstream director at Adnoc.

Al Yasat, a joint venture between Adnoc (60 per cent) and China National Petroleum Corporation (40 per cent) was set up to cover exploration and development of two concession areas including one offshore and one mixed offshore/onshore blocks.