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Adco signs $334 EPC deal for Mender oilfield

Adco, Abu Dhabi Company for Onshore Petroleum Operations Ltd., has been awarded the Engineering, Procurement and Construction (EPC) contract for the development of the Mender field to China Petroleum Engineering and Construction Corporation, CPECC.  The value of the contract is  is US $ 334 million.

The contract covers the construction of gathering stations, pipelines and power transmission lines, as well as sewage systems.

The contract was signed at ADCO’s headquarters  by Mr. Abdul Munim Saif Al Kindy, Chief Executive Officer, and Mr. Ahmed Al Hammadi, Senior Vice President (South East), for ADCO and by Mr. Hou Haojie, the president of CPECC, and Mr. Ji Chenglin, General Manager of CPECC Abu Dhabi.

The event was also attended by ADCO Executive Management, ADCO Engineering and Major Projects Management, members of the Executive Management of CPECC and He Song, Economic & Commercial Counsellor of the Chinese Embassy in the UAE.

With a production capacity of about 20,000 barrels per day, the Mender field project is of strategic importance since it will help boost ADCO’s daily crude production from 1.6 mbpd barrels to 1.8 mbpd by 2017.

Source:  www.zawya.com