UAE's ADNOC awards $1.36bn contract to build artificial islands
Abu Dhabi National Oil Company (ADNOC) announced on Wednesday the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha concession.
The contract awarded to the UAE’s National Marine Dredging Company (NMDC) is valued at AED5 billion ($1.36 billion), the energy giant said in a statement.
The Ghasha concession consists of the Hail, Ghasha, Dalma, Nasr and Mubarraz offshore sour gas fields.
Under the terms of the contract, NMDC will construct 10 new artificial islands and two causeways, as well as expand an existing island, Al Ghaf. The project is expected to take 38 months to complete and will provide the infrastructure required to further develop, drill and produce gas from the sour gas fields in the Ghasha concession.
The successful bid by NMDC prioritized UAE sources for materials, as well as the use of mostly local suppliers, manufacturers and workforce, resulting in a total local spend of over AED3.62 billion. NMDC will also work with international partners to deliver the project.
The use of artificial islands will eliminate the need to dredge over 100 locations for wells and provide additional habitats for marine life. /Source: Arabian business/
Feb. 11, 2019