Adnoc awards $700m deal for Shah project
Abu Dhabi, May 26, 2011
Abu Dhabi National Oil Company (Adnoc) has granted contracts worth a total of $700 million to two companies to develop parts of its $10-billion Shah gas project, local Al-Bayan newspaper reported on Thursday.
One of the companies, Athens-based Consolidated Contractors Company (CCC), has confirmed that it has won a $550 million contract to construct a sulphur plant and some pipelines for the giant project which the United Arab Emirates needs to help meet soaring domestic demand.
'We have won the contract to construct the Shah sulphur granulation plant,' an official at the Abu Dhabi branch of CCC told Reuters.
The second contract, worth $150 million, was awarded to the UAE-based United Construction and Investment Company, the newspaper said, without quoting any sources.
Under the contract, the company is due to construct the secondary buildings for the integrated Shah gas projects. Adnoc officials were not immediately available for comment.
US energy company Occidental Petroleum won the contract develop the Shah sour gas field in January in a deal which could make the US-based company a world leader in high-sulphur gas production.
The UAE holds the world's seventh-largest gas reserves at around 227.1 trillion cubic feet, according to BP statistics. But much of the UAE's gas is sour, containing deadly hydrogen sulphide, making it tougher to produce than conventional gas reserves. - Reuters
More Energy, Oil & Gas Stories
- Egypt will get oil aid from Arab states
- New technology for Bahrain's gas industry to save $300m
- Innovations key focus at Geoscience expo
- Iran seals gas export deal with Oman
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director