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Petrofac will build a US$40m gas storage project in Sharjah (UAE)

Petrofac has won a US$40m contract from the Sharjah National Oil Corporation (SNOC) to build a gas storage surface facility in Moveyeid, in the Sharjah emirate (United Arab Emirates). The project includes a new high-pressure compressor facility, a high-pressure pipeline and flow lines to four existing wells in Moveyeid field. In addition, the British service provider will drill horizontal legs in existing wells, and potentially drill new wells in 2023. The storage facility is expected to be commissioned in phases, with the surface facilities expected at the end of 2020 and the drilling part in 2023. The storage and delivery capacity of the project could be expanded after 2023.

In February 2020, State-owned Abu Dhabi National Oil Company (ADNOC) awarded two contracts worth about US$1.65bn to Petrofac for the Dalma gas development project, a part of the Ghasha ultra-sour gas concession in the Al Dhafra region (United Arab Emirates). As part of the first US$1.07bn contract, Petrofac will build gas processing facilities on Arzanah island. The second package is valued at US$591m.