Arabtec subsidiary wins $142m Adnoc contract
Spanish firm Tecnicas Reunidas has appointed Target Engineering to carry out a $141.8m (AED521m) mechanical and electrical works contract at Abu Dhabi National Oil Company’s (Adnoc) Onshore’s Bu Hasa Integrated Field Development project.
The scope of work for Target – a wholly owned subsidiary of UAE contracting giant Arabtec Holding – includes the construction and expansion of the existing Bu Hasa oil pad hubs, the gas lift’s Phase II, and both phases of produced water re-injection. Work will commence in May 2019 for a duration of 30 months, said Arabtec.
The purpose of the project is to increase and sustain the Bu Hasa production plateau output to 650,000 barrels per day by 2020.
Hamish Tyrwhitt, group chief executive officer of Arabtec Holding, said the win demonstrated Target’s “strength” in the industrial construction sector.
Adnoc awarded the $142m contract to Target.