Adnoc awards $173m contract to boost production at Asab oil field

Adnoc awarded a contract worth $173 million to boost production capacity of Abu Dhabi's flagship Murban crude at one of its largest oil fields, Asab.

The company's subsidiary, Adnoc Onshore, awarded the three-year engineering, procurement and construction (EPC) contract to Archirodon Construction Overseas Company, it said in a statement on Monday.

The project will boost the capacity of the light and sweet Murban crude from the Asab field by 12 per cent.

It will also increase "the handling capacity of the Asab Central Degassing Station, which serves as the central processing hub for Adnoc Onshore’s South East and Haliba fields" while allowing the company to support the production evaluation of nearby exploration blocks, Adnoc said.

"This work further supports our advantage of providing some of the world’s most cost-efficient, lower-carbon crude, as we continue to accelerate towards an oil production capacity of 5 million barrels per day by 2030," it said.

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