A $560.4 million oilfield development contract was signed by the onshore division of state run Abu Dhabi National Oil Co (ADNOC) with the UAE's National Petroleum Construction Company (NPCC).
ADCO said on Tuesday that the project will aim at developing infrastructure at the Qusahwira oilfield, under which an oil gathering system and a pipeline to the Asab field would be constructed.
The company is mulling to pump 30,000 barrels per day (bpd) from the first phase of development of the Qusahwira oilfield by 2013. The main target of ADCO is to enhance its output capacity to 1.8 million bpd from around 1.4 million bpd.
The world's third largest oil exporter said that this expansion is part of its wider plan aimed at bolstering capacity to nearly 3.5 million bpd in 2018 from around 2.8 million bpd.
The deal was won by NPCC after it beat six other bidders and was awarded by Abu Dhabi Company for Onshore Oil Operations (ADCO). It is in the south east of the UAE's capital Abu Dhabi where the filed is located.
A well known Emirati newspaper reported Saturday that a AED1.1bn dirham ($300m) construction contract has been awarded by Abu Dhabi and ConocoPhillips for their Shah gas project to Al Jaber Group.
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