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UAE’s Adnoc offers USD946M deal to Abu Dhabi's NPCC
(MENAFN) The national power grand Abu Dhabi National Oil Company provided a USD946 million deal to Abu Dhabi's National Petroleum Construction Company (NPCC) in order to enhance its near-sea Umm Shaif field. This is a step that supports the firm’s schemes for productivity at 5 million barrels per day by the year 2030.
Yaser Almazrouei, Adnoc Upstream's executive director mentioned, “This important award for the long-term development of Adnoc's pioneer offshore Umm Shaif field will maximise efficiencies while maintaining future output and supporting Adnoc's strategic objective of 5 million barrels of oil production capacity a day by 2030.”
He added, “The development plan for Umm Shaif underpins Adnoc’s commitment to maintain its position as a leading low-cost oil producer and strengthens our role as a reliable energy provider to customers around the world.”
Yaser Almazrouei, Adnoc Upstream's executive director mentioned, “This important award for the long-term development of Adnoc's pioneer offshore Umm Shaif field will maximise efficiencies while maintaining future output and supporting Adnoc's strategic objective of 5 million barrels of oil production capacity a day by 2030.”
He added, “The development plan for Umm Shaif underpins Adnoc’s commitment to maintain its position as a leading low-cost oil producer and strengthens our role as a reliable energy provider to customers around the world.”
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