Gary Lemke and Hong-Joo Lee
ADPC, Hyundai sign deal for yard in Zayed Port
Abu Dhabi, May 7, 2014
Abu Dhabi Ports Company (ADPC) and Hyundai Engineering & Construction have signed a contract, agreeing the allocation of a dedicated 40,000 sq m plot of land and warehouse facilities covering 4,536 sq m at Zayed Port.
The space will be used for the import and export of cargo to support the Satah Al-Razboot (SARB) project.
The contract reflects the increased import and export volumes which will be required to support the company’s contract with Abu Dhabi Marine Operating Company (ADMA-OPCO) for the SARB Field Development Project Package 4 EPC Work.
The plot of land and warehouse in Zayed Port will also include a temporary storage facility and work shop that will undertake light assembly fabrication work coupled with a laydown yard for accommodation modules and other materials.
The contract agreement was signed by Gary Lemke, executive vice president Ports, ADPC, and Hong-Joo Lee, administration manager, Hyundai Engineering & Construction.
Lemke said: “Hyundai Engineering & Construction is a valued long term customer of ADPC, and we have been working together for some time to understand their requirements and establish how we can provide the additional facilities that they will need to service the SARB project.
“We are delighted to be able to sign this contract and move forward together supporting this project and the Government’s strategic development strategy.”
“The SARB Field Development Package 4 EPC Work is an Adnoc strategic initiative, which will support the Government’s oil production enhancement plans and Abu Dhabi’s broader development strategy. The development project is part of ADMA-OPCO’s overall scheme to add 200,000 barrels a day of additional production from its new offshore fields, with about 100,000 barrels per day coming from SARB oilfield,” said Lee. – TradeArabia News Service