Adnoc and Abu Dhabi National Energy Company, better known as Taqa, have announced a $2.4 billion project to provide sustainable water supply to Adnoc’s onshore operations, as part of efforts to decarbonise operations.
The project will develop a centralised seawater treatment facility and transportation network for operations at the Bab and Bu Hasa fields in Abu Dhabi, the companies said in a statement to the Abu Dhabi Securities Exchange on Wednesday.
Adnoc and Taqa will jointly hold a 51 per cent majority stake – 25.5 per cent each – in the project company, with the remaining 49 per cent stake awarded to a consortium of Orascom Construction and Metito.
The consortium will arrange the project financing for the construction phase and develop the project under a build, own, operate and transfer model.
The full project will be returned to Adnoc after 30 years of operation, the companies said.
The strategic project will “reduce our environmental footprint and unlock significant value as we continue to decarbonise and future proof our operations”, said Abdulmunim Al Kindy, Adnoc Upstream executive director.
“The project will enhance our onshore energy efficiency by replacing less-efficient high-salinity, deep aquifer water systems with a centralised seawater treatment facility and transportation network.”
The project will be connected to the grid and will receive 100 per cent of its power from clean energy sources.
It will reduce water injection related energy consumption by up to 30 per cent, the companies said.
Adnoc has taken several measures to reduce its carbon emissions as it seeks a 25 per cent reduction in its greenhouse gas intensity by 2030.
In January, the company said it would invest $15 billion in decarbonisation projects by the end of this decade. Elements include clean power, carbon capture usage and storage (CCUS), further electrification of operations, carbon dioxide absorption technology and energy efficiency.
The company will also take measures to continue pursuing its policy of zero-routine gas flaring, it said at the time.
In December, the state energy company also set up a new low-carbon solutions and international growth business division which will focus on renewable energy, clean hydrogen and CCUS, as well as international expansion in gas, liquefied natural gas and chemicals.
In September, Adnoc and Taqa also closed a $3.8 billion strategic project to power and decarbonise Adnoc's offshore production operations.
A consortium comprising Korea Electric Power Corporation, Kyushu Electric Power Company and Electricite de France, will build, own, operate and transfer the high-voltage direct current sub-sea transmission system alongside Adnoc and Taqa, the companies said at the time.
The development is expected to reduce the carbon footprint of Adnoc's offshore operations by more than 30 per cent, replacing existing offshore gas turbine generators with more sustainable power sources from the Abu Dhabi onshore power network.
The latest project will deliver more than 500 million litres per day of nano filtered seawater through 75 kilometres of transportation and over 230km of distribution pipelines and two pumping stations, to supply Adnoc’s onshore operations.
The project will “advance the UAE’s sustainability goals”, said Jasim Thabet, Taqa’s group chief executive and managing director.
“As a major utility, Taqa is especially committed to partnerships like this that use our expertise to help drive environmental stewardship while maintaining water security and supporting economic growth.”
More than 60 per cent of the project value during the development and operation phases will flow back into the UAE’s economy under Adnoc's In-Country Value programme.
“With a substantial portion of the project value flowing back into the UAE economy, this landmark initiative will further stimulate economic and industrial growth and create commercial opportunities for the private sector,” said Mr Al Kindy.
Mohammed bin Zayed Majlis
Result
6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m; Winner: Brraq, Ryan Curatolo (jockey), Jean-Claude Pecout (trainer)
7.05pm: Handicap (TB) $65,000 (Turf) 1,800m; Winner: Bright Melody, James Doyle, Charlie Appleby
7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m; Winner: Naval Crown, Mickael Barzalona, Charlie Appleby
8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m; Winner: Volcanic Sky, Frankie Dettori, Saeed bin Suroor
8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m; Winner: Star Safari, William Buick, Charlie Appleby
9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m; Winner: Zainhom, Dane O’Neill, Musabah Al Muhairi
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Engine: 51.5kW electric motor
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Stuck in a job without a pay rise? Here's what to do
Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.
“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”
Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.
Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.
“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”
For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.
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Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
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The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
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Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.
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