Abu Dhabi National Oil Company (Adnoc) has signed framework agreements worth $204.4 million with up to 15 leading international engineering contractors for concept and front-end engineering design projects across the hydrocarbon value chain.
The state-owned United Arab Emirates giant said in a social-media post this week that it has agreed deals worth up to $204.4 million (750.2 million dirham) for FEED services to be used across its value chain, supporting the company’s 2030 strategy.
Adnoc said the five-year agreements have options to extend for two years, and “will enable around 50% of the value to flow back into the UAE’s economy,” under its In-Country Value localisation programme.
The framework agreements were signed by Adnoc during the second phase of its engineering awards, with the first phase awarded earlier this year.
The agreements have been signed with Amec International (part of the Wood Group), China Petroleum Pipeline Engineering Corporation, Engineers India (EIL), GS Engineering & Construction, ILF Consulting Engineers, Mott MacDonald, Penspen International, Rejlers International Engineering Solutions, SNC Lavalin, Saipem, Samsung Engineering, Tebodin Middle East, Technip Energies, Tecnicas Reunidas and Worley Engineering, Adnoc said.
The Emirati state-owned giant said the deals “cover capital projects worth up to $200 million” and “were secured at highly competitive rates” aimed at significantly reducing tender cycle duration.
In August, Adnoc signed framework agreements worth $1 billion with eight leading international engineering contractors for concept and FEED projects across the value chain, during the award’s first phase, Upstream reported.
Abdulmunim Saif al Kindy, executive director of Adnoc’s people, technology and corporate support, earlier said the “engineering contractors” will provide best-in-class engineering expertise on the company’s strategic projects across the full value chain.
Abu Dhabi is executing multiple brownfield and greenfield developments to help scale up its oil production capacity to 5 million barrels per day by the end of this decade, up from the existing capacity of 4 million bpd.