ADNOC Gas and its subsidiaries has taken an FID and awarded US$5bn in contracts for the first phase of its Rich Gas Development (RGD) Project. The RGD project seeks to increase throughput and improve operational efficiency across four ADNOC Gas facilities, namely Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore). A US$2.8bn contract for the first tranche was awarded to Wood for the Habshan facility and the remaining two tranches (US$1.2bn for the Das Island liquefaction facility and US$1.1bn for the Asab and Buhasa facilities) have been awarded to two consortia led by Petrofac and Kent.
The RGD projects should help boosting the country's LNG exports and support its gas self-sufficiency. The first phase of the project aims to optimise and remove existing blocks on its existing gas assets while unlocking new and valuable gas streams. ADNOC plans to take FID’s on another two phases of the project at Habshan and Ruwais to enable the delivery of greater production capacity to meet growing market demands. The RGD project is aligned with ADNOC Gas' long-term strategy to deliver important growth initiatives between 2025 and 2029.
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