Technip wins major UAE offshore oilfield deal
Paris, March 30, 2011
French oil services group Technip announced it had secured a contract to develop an oilfield offshore from Abu Dhabi.
The UZ 750 project is one of the major offshore field development projects in the UAE, according to a report in our sister newspaper Gulf Daily News (GDN).
The project aims at increasing by 2015 the oil production of the Upper Zakum field in the Gulf, 84km offshore from Abu Dhabi to 750,000 barrels of oil per day and for at least 25 years, the company said in a statement.
Technip, which gave no cost for the contract, will design process units on four artificial islands, including gas separation and power generation as well as interconnecting pipelines.
The contract was awarded by Zadco, a joint venture company between the Abu Dhabi National Oil Company, US energy giant ExxonMobil and the Japan Oil Development Company.