The Swiss power and automation company ABB has won a US$100 million contract to supply offshore oilfields in Abu Dhabi.
Zurich-based ABB yesterday said that it had received orders for electrical and telecommunication systems from South Korea's Hyundai Heavy Industries, which last year won a US$1.94 billion contract from the offshore oilfield operator Abu Dhabi Marine Operating Company (Adma-Opco) to build an offshore oil and gas platform for Nasr Field.
Work on Nasr Field, which lies 130 kilometres off the coast of Abu Dhabi, is due to be completed by the second half of 2019. It will raise the daily production capacity of the offshore field to 65,000 barrels per day by the end of 2018 from 22,000 bpd presently.
“The solution provided consists of power management, power-from-shore and telecom systems which are interconnected to ensure the highest levels of efficiency, reliability and safety,” said ABB.
The Nasr field is part of Adma-Opco’s programme to add an extra 300,000 bpd capacity to Abu Dhabi’s overall production levels, which is part of the emirate’s broader strategy to raise production capacity from a current level of about 3 million bpd to 3.5 million bpd by 2017 and 2018.
Last October, Adma-Opco said oil began flowing from Umm Lulu, a major offshore field development. It began flowing at a rate of 5,000 bpd and is expected to reach 22,000 bpd by the end of this year and its full field development rate of 105,000 bpd by 2018.
Last November, Adma-Opco signed three major contracts worth $3bn for the second phase of Nasr’s development, with Abu Dhabi’s National Petroleum Construction Company, Hyundai Heavy Industries and France’s Technip.
Adma-Opco is 60 per cent owned by Abu Dhabi National Oil Company, with shares also held by UK-based BP (14 per cent), France’s Total (13 per cent) and Japan’s Jodco (12 per cent).
dalsaadi@thenational.ae
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Liverpool 3
Mane 24', Shaqiri 73', 80'
Manchester United 1
Lingard 33'
Man of the Match: Fabinho (Liverpool)
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Uefa Champions League, last 16, first leg
Tottenham Hotspur v Borussia Dortmund, midnight (Thursday), BeIN Sports
Jewel of the Expo 2020
252 projectors installed on Al Wasl dome
13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas
550 tonnes of moulded steel were raised last year to cap the dome
724,000 cubic metres is the space it encloses
Stands taller than the leaning tower of Pisa
Steel trellis dome is one of the largest single structures on site
The size of 16 tennis courts and weighs as much as 500 elephants
Al Wasl means connection in Arabic
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Profile of Foodics
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Sector: Software
Employees: 150
Amount raised: $8m through seed and Series A - Series B raise ongoing
Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.
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KEY HIGHLIGHTS
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Launched a 641billion-rupee federal health scheme
Allotted 200 billion rupees for the recapitalisation of state-run banks
Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets
MATCH INFO
Europa League final
Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports
Nancy 9 (Hassa Beek)
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The biog
Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."
Favourite author: Malcom Gladwell
Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."
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The Sheikh Zayed Future Energy Prize
This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.
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UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
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Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
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