Oilfield companies supplier Petrofac has obtained a contract termination from ADNOC for the Dalma fuel improvement undertaking within the United Arab Emirates.
The contract was for the engineering, procurement (together with novated lengthy lead gadgets), development, transportation, offshore set up and commissioning contracts are for the Dalma undertaking.
The Dalma undertaking is a key a part of the Ghasha ultra-sour fuel concession which is central to ADNOC’s strategic goal of enabling fuel self-sufficiency for the UAE.
Petrofac mentioned on Thursday that its Petrofac Emirates three way partnership had obtained discover of termination from ADNOC of two lately awarded contracts for the Dalma fuel improvement undertaking.
The undertaking, price round $1.65 billion, and awarded in February 2020, comprised two packages. Petrofac Emirates’ portion of the scope of labor is valued at $1.5 billion.
Petrofac acknowledged it’s dedicated to working with ADNOC over the approaching weeks to discover various choices to ship this undertaking in a manner that helps their strategic goals throughout the present difficult atmosphere.
Petrofac continues to progress execution of its remaining group backlog of round $7 billion as deliberate and remains to be progressing with tendering for main contracts in Abu Dhabi. However, it anticipates this improvement could have an effect on the timing of their awards, the corporate concluded.
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