UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has invested $187 million (AED 686.7 million) in increasing the capacity of its Al Nouf oilfield from 160,000 barrels per day (bpd) to 175,000 bpd by 2024.
Under the development, ADNOC will add over 20 new wells to the field, located about 85 kilometers southwest of Abu Dhabi, and extend the use of water and gas (WAG) injection for enhanced oil recovery, the company recently announced on its LinkedIn page.
ADNOC Onshore has awarded Abu Dhabi-based Robt. Stone (ME) an engineering, procurement, and construction (EPC) contract to develop Al Nouf field.
Under the 39-month contract, over 75% of the value will be added to the UAE’s economy as per the company's In-Country Value programme.
The investment will contribute to achieving ADNOC’s 5 million bpd oil production capacity target by 2030.
