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ADNOC awards contract for full field development of Belbazem block
The Abu Dhabi National Oil Company (ADNOC) has awarded a $744mn contract for the full field development of the Belbazem offshore block, underscoring its drive to unlock and maximise value from all of Abu Dhabi’s fields as it expands oil production capacity to 5mn b/d by 2030. The block contains three marginal offshore fields – Belbazem, Umm Al Salsal, and Umm Al Dholou.
Al Yasat Petroleum Operations Company (Al Yasat), ADNOC’s subsidiary and 60:40 joint venture with China National Petroleum Corporation (CNPC), awarded the engineering, procurement and construction (EPC) contract to the National Petroleum Construction Company (NPCC).
The scope of the award covers engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45,000 b/d of light crude and 27mn cf/d of associated gas from Belbazem. First oil is expected in 2023.