Riding the
investment wave
Neil Golding, EIC, UK, shows us how
AbuDhabi is leading thewaveof oil and
gas investment in theMENA region.
(Figure2).Themajorityof thesecontracts (53)are forworkonprojects
inAbuDhabi,where thegovernment isaggressivelypursuinggas
developments to fuel itsshi togas-firedpowergeneration.
Aswouldbeexpected,given theUAEhasawarded themost
majorupstreamcontracts, thereare fourEmiratioperators in this list,
allofwhichareAbuDhabi-based.AbuDhabiNationalOilCompany
(ADNOC)has ledcontractingactivity (Figure3),awarding20contracts
across twomajordevelopments inAbuDhabi: theSatahal-Razboot
(SARB)gas fielddevelopment in thePersianGulf,and theShahsour
gasdevelopment in thesouthwestof theEmirate.Themajorityof
thesecontracts,11EPCand twoPMCcontracts,wereawardedon
theUS$ 10billionShahproject. In totalADNOChasawarded16EPC,
oneFEEDand threePMCcontractson theprojects,whichboth
include theconstructionofartificial islands toaccommodatedrilling,
productionandprocessingoperations inshallowwater.
ADNOC isalsoamajorityshareholder in the remaining three
AbuDhabi-basedoperators in the top12. TheZakumDevelopment
Company (ZADCO), a joint venturecompanybetweenADNOC,
JapanOilDevelopmentCompanyandExxonMobil, hasawarded
14contractsacross threedevelopments inAbuDhabi; AbuDhabi
Company forOnshoreOilOperations (ADCO)hasawarded
11contractsacross twodevelopments; andAbuDhabiMarine
OperatingCompany (Adma-Opco)hasawarded fivecontractsacross
threedevelopments.
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