Abu Dhabi National Oil Company (Adnoc) is advancing significant offshore expansion projects, with US contractor McDermott International poised to secure multiple engineering, procurement, and construction (EPC) contracts collectively valued upwards of $1.5 billion. This aligns with Adnoc's broader five-year investment plan of up to $150 billion, which supports its goal to increase Abu Dhabi's oil production capacity to 5 million barrels per day by 2027.

SARB Deep Gas Development Project

Adnoc has taken the final investment decision for the SARB Deep Gas Development project, part of the Ghasha asset. Located 120 kilometers offshore, the project aims to deliver 200 million cubic feet per day of gas by the end of the decade via a new platform with four wells connected to Das Island. The EPC package for McDermott is expected to include at least two unmanned wellhead platform topsides, related facilities, and the installation of a 24-inch subsea pipeline to Das Island.

Nasr-115 Offshore Oilfield Expansion

McDermott is also set to win an EPC contract for the second phase of the Nasr-115 project, designed to increase the offshore oilfield's production capacity to 115,000 barrels per day by 2027. The scope involves constructing two wellhead towers and jackets, a manifold tower, a new gas lift pipeline, and over 30 kilometers of subsea cables and pipelines, along with modifications to existing facilities. The Nasr field, which began production in 2015, currently has a capacity of 85,000 barrels per day following previous expansions.

Umm Shaif Gas Cap Expansion

In addition to the SARB and Nasr projects, McDermott is favored to secure a third EPC deal involving several offshore jackets for Adnoc's Umm Shaif gas cap expansion project. While formal awards for all contracts are pending, industry sources indicate McDermott is well-positioned for these major offshore developments.