Projects - Abu Dhabi Chamber

ISSUE 37
JANUARY 2014
Projects
General Shaikh Mohammed opens World Future Energy
Summit
General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE
Armed Forces, attended the official opening ceremony of the 7th edition of the World Future Energy Summit (WFES) being
held at the Abu Dhabi National Exhibitions Centre (ADNEC), as part of Abu Dhabi Sustainability Week.
The summit runs from January 20-22, 2014 and is
held under the theme: “Powering the Future of
Energy Innovation”, saw the participation of a
number of heads of states and governments,
representatives of international organizations,
international companies and experts.
The World Future Energy Conference (WFES), which
is the largest summit of energy experts, will share
the best international practices, unveil new products
and discuss sustainable solutions to tackle present
and future energy challenges.
As the centerpiece of the Abu Dhabi Sustainability
Week, WFES 2014 expects to receive 30,000
attendees from over 172 countries, up from the 152
countries that participated last year.
Since its inception in 2008, WFES has grown to become the leading discussion platform for renewable energy, clean
technology and sustainability, and it is now considered the pre-eminent international event for government and industry
decision makers to find viable, sustainable solutions to the world’s growing energy challenges.
GCC construction market worth $1.3tn
The GCC civil construction market showed signs it had returned to growth last year with a total of
$59bn worth of contracts awarded.
The volume of deals was the highest since 2008, the high of the financial crisis.
The data was compiled in a MEED report on the GCC construction industry.
Other key factors which have driven this growth include high oil prices and strong population growth, said MEED.
Excluding schemes on hold or cancelled, the report estimates the current value of live civil construction projects to be just over
$1.3tn, with $935bn in execution including long-term megaprojects, $81bn out to tender, $211bn in design phases and $136bn
under study.
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ISSUE 37
JANUARY 2014
NPCC wins $885m contract on Abu Dhabi’s Lower
Zakum field
Abu Dhabi has awarded an $885m contract to local group National Petroleum Construction Company (NPCC) to carry out
the first phase of it Lower Zakum oil lines replacement project.
The engineering, procurement and construction (EPC) contract was awarded by project owner Abu Dhabi Marine Operating
Company (Adma-Opco), which is aiming to expand the capacity of the Lower Zakum offshore oil field.
MEED reported in September 2013 that NPCC was the frontrunner to win the contract after the Abu Dhabi-based contractor
submitted the lowest commercial bid on the EPC tender.
Adma-Opco also received bids from the US’ McDermott and Italy’s Saipem for the brownfield scheme, which it decided to
fast-track due to the critical need for the pipeline replacements.
The project’s front-end engineering and design (feed) was completed by French engineering company Technip, with the
scope of the scheme adjusted several times during this phase. More
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Abu Dhabi to tender $1bn integrated gas expansion mid-year
US engineering group Fluor carrying out design work on new onshore-offshore scheme
Abu Dhabi Gas Industries (Gasco) is expected to float the tender for the $1bn expansion of its Integrated Gas Development
(IGD) in the summer after the front-end engineering and design (feed) study is complete.
US engineering group Fluor was awarded the feed for the project in 2012 and is expected to complete the work in the
coming months.
Gasco completed the initial $11bn IGD project in 2013. The development allows Gasco transfer 1 billion cubic feet a day
(cf/d) of high-pressure gas from the offshore Umm Shaif field via Das Island to new onshore processing facilities at
Habshan and Ruwais.
The proposed expansion will see an additional 200-400 million cf/d of offshore gas processed onshore.
The engineering, procurement and construction (EPC) phase is expected to be tendered in three separate packages:
offshore development; Das Island to Habshan offshore pipeline; and Ras al-Qila to Habshan onshore pipeline.
The IGD is part of Abu Dhabi’s significant investment programme to boost gas supplies to meet growing demand.
The emirate expects to complete the $10bn development of the onshore Shah sour gas field early in 2015, while a second
sour gas development is planned at the Bab field.
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ISSUE 37
JANUARY 2014
Abu Dhabi Emirate Contractors Awards
Total Project Value Estimates in US$ Billion
*Estimates
Abu Dhabi Emirate Major Players
No. Clients Name
Projects Value
(US$ Billion)
1
ALDAR Properties
2
Abu Dhabi Department of Transport (DOT)
54
3
Abu Dhabi National Oil Company (ADNOC)
53
4
Abu Dhabi General Services PJSC (Musanada)
34
5
Tourism Development & Investment Co. (TDIC)
32
6
Masdar (Abu Dhabi Future Energy Company)
29
7
Abu Dhabi Oil Refinery Company (Takreer)
28
8
International Petroleum Investment Co. (IPIC)
28
9
Al Qudra Real Estate
26
Abu Dhabi Tourism Authority (ADTA)
24
10
105
Source: Ventures Middle East – January 2014
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ISSUE 37
JANUARY 2014
Abu Dhabi Chamber of Commerce & Industry
Abu Dhabi, UAE
P.O. Box: 662
www.abudhabichamber.ae
To share your projects news with us please E-mail us at:
[email protected]
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