Abu Dhabi:
As part of its strategy to boost production at various fields, Abu Dhabi National Oil Company (Adnoc) announced on Monday that it plans to start production from Haliba field with an initial capacity of 20,000 barrels of oil per day by mid-2019.
The production at the filed will be gradually increased to 40,000 barrels per day by 2020.
An Engineering, Procurement and Construction (EPC) contract has been awarded for the works to Larsen & Toubro (L&T) Hydrocarbon Engineering Ltd, by Adnoc subsidiary, Al Dhafra Petroleum which operates the field, Adnoc said in a statement.
Al Dhafra Petroleum is the first joint venture between Adnoc, Korea National Oil Corporation and GS Energy.
Phase one of the EPC work will include 32 wells and construction of a 65 kilometre pipeline to carry crude from Haliba field wells to Adnoc Onshore’s Asab central degassing station for processing.
“The infrastructure investment will increase our Group-wide production capacity and optimise our assets by utilising our existing onshore facilities, allowing Adnoc to develop previously untapped oil reserves in an efficient way. It is an important step towards enhancing the profitability of Adnoc’s Upstream business as we deliver on our 2030 Strategy,” said Abdul Munim Al Kindy, Director of Upstream at Adnoc.
Adnoc is planning to increase oil and gas production capacity at various fields as part of its 2030 growth plans. It recently announced $109 billion investments in the next four years to boost production throughout the value chain.
