Abu Dhabi’s national energy company Adnoc has awarded a $3.6bn project to expand its gas processing infrastructure to a joint venture between Spain’s Técnicas Reunidas and the UAE’s state-owned National Petroleum Construction Company (NPCC).
The “Maximising Ethane Recovery and Monetisation”, as the scheme is called, will aim to increase the economic value of Adnoc’s onshore Habshan field by up to 40% through the construction of processing facilities.
The second aim is to unlock value from existing feedstock and deliver it to the Ruwais industrial complex, 240km west of Abu Dhabi, using a 120km natural gas liquids pipeline.
Ahmed Mohamed Alebri, chief executive of Adnoc Gas, said: “This capital project represents Adnoc Gas’ latest investment in its gas processing infrastructure and underscores our commitment to responsibly meeting our customers’ current and future energy demand for natural gas and its feedstock.
“The expansion of our gas processing infrastructure will also provide additional energy to the country’s growing industrial section, while stimulating economic growth and diversification through the significant ICV generated by the contract.”
Técnicas Reunidas is a Madrid-based engineer with an annual revenue of around €4.7bn. It specialises in industrial projects and power plants, particularly in the oil and gas sector.
NPCC is based in Abu Dhabi and works on onshore and offshore oil and gas projects. It fabricates and installs production platforms, pipelines, and storage tanks, among other structures.
Adnoc is the world’s 12th largest oil company in terms of production. It holds several entities under its umbrella including Adnoc Gas which acts as its integrated gas processing unit.
Further reading:
