MAN Turbo To Supply Compressors For Expansion of Abu Dhabi Oil Field
MAN Turbo AG of Oberhausen (Germany) has been awarded a contract for the supply of nine compressors to the value of approximately US$85 million to the emirate of Abu Dhabi for the expansion of the Thamama-B oil field. The purchaser is the Abu Dhabi Company for Onshore Oil Operations (ADCO). The contract forms part of an overall project awarded by ADCO to SK Engineering and Construction (SKEC) of Seoul as the general contractor.
The contract relates to the ‘Bab Gas Compression Project’ and focuses on the expansion of Thamama-B, one of the five most important oil fields in Abu Dhabi. ADCO thereby aims to increase its production from the existing field further helping to safeguard the country’s energy supply. Over 94% of the United Arab Emirates’ total oil and gas reserves can be found in Abu Dhabi. The emirate has the world’s tenth-largest gas reserves.
In addition to the tendered compressor technology, the short delivery times agreed were a key factor in the award of this contract to MAN Turbo. ADCO, the biggest oil and gas producer in the United Arab Emi-rates, wants to commission the installation as a whole by 2011 and increase its yield from the existing field substantially by the year 2030.
For MAN Turbo and SKEC, this is the first order for ADCO. The two companies have successfully handled a similar contract in Kuwait in the past. “We are supplying compressor technology to Abu Dhabi for ADCO for the first time. This gives us a good foothold for further activities in this region. The Middle East with its emergent economy and its important oil and gas industry is of great strategic importance for our company,” said Dr Gerhard Reiff, a member of the MAN Turbo executive board.
For more information: www.man.eu