Abu Dhabi National Oil Company (Adnoc) awarded $324 million (Dh1.19 billion) in contracts to optimise operations and boost efficiencies across several onshore oil fields in Abu Dhabi.
The contracts were awarded by Adnoc's onshore arm to Abu Dhabi-based Robt Stone and the UAE arm of Oman's Galfar Engineering and Contracting, Adnoc said in a statement on Monday.
The two companies will provide and install flowlines and wellhead installations at the Bab, Asab and Sahil onshore oil fields in Abu Dhabi as well as building a new bypass system to provide critical backup for existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals.
“These contracts build on the momentum of our recent awards for upgrades on the Jebel Dhanna terminal and underline our commitment to unlocking the full potential of our assets to deliver increased value for our shareholders,” Omar Obaid Al Nasri, chief executive of Adnoc Onshore, said.
The award for flowlines and wellhead installations will “help sustain long-term production at our Bab, Asab and Sahil fields while the award for the bypass system will provide critical backup for the existing crude receiving station connecting our fields and export terminals, to ensure business continuity and resilience,” he added.
The work is being split into three contracts. Galfar Engineering and Contracting will carry out a $71m contract to procure and construct flowlines and wellhead installations for the Asab and Sahil fields.
The second contract awarded to Robt Stone, worth $168m, will see it source and build flowlines and wellhead installations for the Bab field. Both of these are expected to be completed within five years.
The third contract, also being carried out by Galfar Engineering and Contracting, is valued at $84m and will see it deliver the bypass system providing backup to the crude receiving stations at the Jebel Dhanna and Fujairah export terminals. This project is expected to be completed in 30 months.
More than 70 per cent of the combined award value will flow back into the UAE economy under Adnoc’s In-Country Value (ICV) programme, the company said.
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Overview
Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
Two-step truce
The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.
By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.
The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
THE%20HOLDOVERS
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MATCH INFO
Chelsea 0
Liverpool 2 (Mane 50', 54')
Red card: Andreas Christensen (Chelsea)
Man of the match: Sadio Mane (Liverpool)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
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The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
