Brief: Adnoc Gas Takes Final Investment Decision For First Phase Of Its Rich Gas Development Project

Petrofac

10/06/2025 12:35

June 10 (Reuters) - ABU DHABI NATIONAL OIL CO [RIC:RIC:ADNOC.UL]:

ADNOC GAS TAKES FINAL INVESTMENT DECISION AND AWARDS $5 BILLION IN CONTRACTS FOR FIRST PHASE OF ITS RICH GAS DEVELOPMENT PROJECT

PROJECT IS A KEY DRIVER OF THE COMPANY’S TARGET TO GROW EBITDA BY +40% BY 2029

EPCM CONTRACTS COVER EXPANSION AND MAJOR EFFICIENCY IMPROVEMENTS OF FOUR SITES – ASAB, BUHASA, HABSHAN AND DAS ISLAND

ADNOC GAS INTENDS TO TAKE FIDS ON TWO ADDITIONAL PHASES OF RGD PROJECT AT HABSHAN AND RUWAIS

EPCM CONTRACTS HAVE BEEN AWARDED IN THREE TRANCHES FOR PHASE 1

THE FIRST TRANCHE, VALUED AT $2.8 BILLION, HAS BEEN AWARDED TO WOOD FOR THE HABSHAN FACILITY

REMAINING TWO TRANCHES – $1.2 BILLION FOR THE DAS ISLAND LIQUEFACTION FACILITY AND $1.1 BILLION FOR THE ASAB AND BUHASA FACILITIES – HAVE BEEN AWARDED TO TWO CONSORTIA: PETROFAC; AND KENT PLC

Further company coverage: ADNOC.UL

 ((Reuters.Briefs@thomsonreuters.com;))