Abu Dhabi National Oil Company (ADNOC) announced yesterday that it has made significant investments to develop the Bab field located 160 km southwest of Abu Dhabi, which is one of the largest onshore assets producing oil «Marban».
The investment aims to develop the infrastructure of production operations in order to preserve the production capacity of the Baban oil field in the long term. Integrated Smart Growth 2030.
The company announced in a statement yesterday that the value of the announced investments is AED 1.8 billion (US $ 489 million). »To achieve sustainable value and support for economic growth and diversification in the UAE.
ADNOC Onshore, an affiliate of ADNOC, which operates the field, announced the award of the engineering, procurement and construction contract to Archerodon Construction SA Overseas at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2019), which is currently underway in Abu Dhabi. Abu Dhabi. The 39-month contract includes the construction of infrastructure facilities needed to maintain Bab's 485,000 bpd production capacity.
Abdulmunim Saif Al Kindi, CEO of ADNOC's Exploration, Development and Production Department, said: “Archirodon has been selected to execute this important project after a highly competitive bidding process. To stimulate economic growth and create more private sector jobs in line with good leadership. ” “Bab is a key pillar of ADNOC's strategy to increase profitability in exploration, development and production, and this investment will help us ensure the long-term crude oil production capacity of this field, which is one of ADNOC's aging fields.” .
The scope of the project includes the development of oil production wells, water injection wells, artificial lifting wells, a well complex, a water injection complex, and other infrastructure facilities needed to maintain the production capacity of the field.
Yasir Al Mazrouei, Chief Executive Officer of ADNOC Land, said: “This project complements our exploration, development and production plans. This project will enable us to reduce costs over the operational life of the field, by utilizing the latest technology to maximize the productivity of existing assets and wells in the field in a gradual and efficient manner. ”
Drones for oil exploration and exploration
Abu Dhabi National Oil Company (ADNOC) plans to cooperate with France's Total to use drones and motor vehicles to collect 3D seismic data to expand its search for new oil and gas resources across Abu Dhabi.
This is the first time this advanced technology has been used in the region.
ADNOC announced that it plans to deploy thousands of airborne sensors using drones, which will later be recovered through automated ground vehicles.