The Abu Dhabi National Oil Company (Adnoc) has awarded a $942 million engineering, procurement, and construction (EPC) contract to US-based McDermott International for the further development of the offshore Nasr oilfield. This award is part of Adnoc's broader strategy to invest up to $150 billion over five years to expand oil and gas production.

Strategic Production Goals

The contract supports Adnoc's goal of increasing Abu Dhabi's total oil production capacity to 5 million barrels per day by 2027, from a current capacity of 4.85 million bpd. Specifically, the project aims to boost the Nasr field's production capacity to 115,000 bpd.

Project Scope and Details

The EPC contract, awarded by Adnoc Offshore, covers the construction of topsides and associated infrastructure. A key component is a high-speed subsea cable connection to enable and scale up Artificial Intelligence (AI) solutions for offshore operations. The project, known as Nasr-115, involves:

• Construction of two wellhead towers and jackets.
• Construction of one manifold tower.
• Installation of a new gas lift pipeline.
• Laying additional subsea cables and pipelines connected to the new towers.
• Over 30 kilometres of subsea pipelines in total.

The Nasr field began production in 2015 with an initial capacity of nearly 25,000 bpd and was later expanded to 85,000 bpd prior to this new development phase.

Economic Impact and Additional Projects

More than 55% of the contract's investment value is expected to flow back into the UAE economy through Adnoc's In-Country Value (ICV) programme. Furthermore, McDermott is also poised to win another significant EPC contract for Adnoc's SARB Deep Gas Development project. This gas project, part of the Ghasha asset, involves a new platform with four wells located 120 kilometres offshore and connected to Das Island.