Abu Dhabi’s energy giant ADNOC has initiated the bid process for a major oilfield expansion project involving a potential $3 billion-plus contract for its Lower Zakum offshore oilfield, Upstream reported citing people familiar with the matter.

The moves comes as ADNOC prepares to ramp up its production capacity to 5 million barrels per day by 2027.

ADNOC recently gauged interest of leading domestic and international contractors, aimed at initially engaging contractors for a potential $3 billion-plus contract for the first phase of the Lower Zakum long-term development (LTDP-1) scheme.

The scope of work involves setting up multiple process facilities at a new artificial island, including inlet and export reception, production separation, export pumps, gas compression, dehydration and other associated facilities.

source : https://www.oilandgasmiddleeast.com/