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ADNOC awards McDermott a $1 billion-plus offshore gas project contract
The deal is part of ADNOC's Umm Shaif Gas Cap development, which targets first production in 2030 and is expected to add more than 600 million standard cubic feet per day of gas and liquids.
ADNOC has awarded McDermott a contract worth more than $1 billion for a major offshore pressure-boosting facility at Abu Dhabi's Umm Shaif field, as the UAE accelerates investment in natural gas production.
According to the project scope, McDermott and a Qingdao McDermott Wuchuan consortium will build and install a new jacket and topside for Package 4 of ADNOC's Umm Shaif Integrated Gas Cap and Surface Pressure Boosting Project, including modifications to existing offshore infrastructure.
McDermott classified the award as a “mega” contract, meaning it exceeds $1 billion, and said the completed topside will be among the heaviest offshore modules installed in the Middle East.
The contract follows ADNOC's $6.2 billion final investment decision in July for the Umm Shaif Gas Cap development with TotalEnergies, Eni, and China National Petroleum Corporation, a wider program that includes additional EPC work and a drilling campaign, and is expected to unlock more than 600 million standard cubic feet per day of natural gas and associated liquids with first production targeted for 2030.
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