ABU Dhabi Marine Operating Company (Adma-Opco) has delayed a decision on the $750 million-plus Umm Shaif oilfield expansion project by more than two months.
Some industry sources suggested that Abu Dhabi could be rethinking the offshore project due to sustained lower crude prices.
Sources close to the tender process said the state-owned giant has been going slow on the decision, despite opening commercial bids last year when Abu Dhabi domestic player National Petroleum Construction Company (NPCC) was understood to have emerged as the lowest bidder.
“There’s
