Production
Adco to Invite Five Companies to Bid on SAS Project
ADCO says the bidding documents will be issued in early October, a month later than originally planned. ADCO hopes to select an appropriate ...
Released Friday, September 28, 2007
Researched by Industrial Info Resources (Sugar Land, Texas)--Sinopec New Net reported that Abu Dhabi Company for Onshore Oil Operations (ADCO, Abu Dhabi, UAE) will invite at least five short-listed companies to bid for its Sahil, Asab and Shah (SAS) project. ADCO hopes to increase crude oil production volume in its three major onshore oil fields though the application of the project.
ADCO says the bidding documents will be issued in early October, a month later than originally planned. ADCO hopes to select an appropriate contractor as soon as possible to carry out the $3 billion project, which will increase the daily production of crude oil in Abu Dhabi by 60,000 barrels.
The five contractors that are awaiting ADCOs bidding invitation are Technicas Reunidas of Spain, Technip of France, Petrofac listed of the UK, JGC of Japan and the National Petroleum Construction Company (NPCC) of Abu Dhabi.
Foster Wheeler has completed the preliminary project design. The project will involve three major onshore oil fields in Abu Dhabi: Sahil, Asab and Shah.
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