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ABU DHABI Marine Operating Company (Adma-Opco) has signed two contracts for the Satah Al Razboot (Sarb) full field development project to boost oil production.
The UAE oil company signed a $1.89 billion engineering, procurement and construction (EPC) contract with Hyundai Engineering and Construction Company (HDEC) to build deep-sea oil transportation and treatment facilities at the oil field. Adma-Opco also signed a $515-million deal with Petrofac International.
HDEC was awarded the onshore package for completion by late 2017, while Petrofac was awarded offshore part of the project.
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