Adnoc Gas took a final investment decision and awarded USD 5 bn in contracts for phase one of its Rich Gas Development (RGD) project — its largest capital investment to date, according to a press release (pdf). The project aims to unlock new gas reservoirs to boost LNG exports, support domestic gas self-sufficiency, and supply feedstock to the petrochemicals sector.

Sounds familiar? Adnoc Gas said in its 1Q earnings release that the RGD alone could exceed USD 5 bn in total cost if the company proceeds with additional processing and fractionation trains.

The details: The first phase of the project will expand existing infrastructure to increase processing capacity across the Asab, Buhasa, and Habshan onshore facilities, and the Das Island liquefaction plant offshore facility.

Who’s doing what? The company awarded a USD 2.8 bn engineering, procurement, and construction management contract to UK-based Wood Group for the Habshan facility, and USD 2.3 bn contracts to Petrofac and Kent for Das Island (USD 1.2 bn) and Asab/Buhasa (USD 1.1 bn).

REMEMBER- Adnoc Gas received bids for a gas processing train at the Habshan facility earlier in April. The company is looking to commission the new train in 2029, as parent company Adnoc looks to increase production to 5 mn barrels a day by 2027. Habshan’s current output capacity is 6.1 bn cbf/d. The complex comprises five trains and 14 processing units that receive gas feedstock from onshore and offshore fields in Abu Dhabi.

Looking forward: Adnoc Gas plans to take final investment decisions on two further phases covering additional developments at Habshan and Ruwais, the press release adds.

Tags: