GulfBase Live Support
Leave a message and our representative will contact you soon
10/07/2012 08:29 AST
Abu Dhabi-based oil and gas services contractor National Petroleum Construction Co. (NPCC) and French group Technip have been jointly awarded a nearly AED3 billion ($817 million) contract to build offshore facilities at an oilfield in Abu Dhabi, two sources said.
The contract is for the first phase of Zakum Development Co.’s (Zadco) expansion at its offshore oil field whose production will rise 100,000 barrels per day (bpd) when completed, one of the sources told Reuters Monday."This is one of the big contracts NPCC and Technip have jointly won in Abu Dhabi this year. The two will be bidding for some more projects," a second source familiar with the matter said.Zadco, which operates the Upper Zakum field that is ranked as the world’s fourth largest by the company, produces 500,000 bpd and plans to lift that to 750,000 by 2015.The second phase of the project where bidding is under way will increase production by 150,000 bpd.
Agencies
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula