Abu Dhabi National Oil Company (Adnoc) has awarded a key onshore engineering, procurement and construction (EPC) contract for the further expansion of its Al Nouf oilfield to United Arab Emirates-based Robt Stone.

The award, valued at US$187 million (686.7 million dirham), is aimed at expanding the oil production capacity of Adnoc’s Al Nouf field from 160,000 to 175,000 barrels per day by 2024, Adnoc said in a social media post on Monday.

“The investment will unlock even greater value from the maturing field and will contribute to achieving Adnoc’s 5 million bpd oil production capacity target by 2030,” the company said.