ADNOC signed a contract to develop the Buhser field on the Petroleum Construction Company

Yasat, a subsidiary of the National Oil Company of Abu Dhabi (ADNOC), announced the contract of 39, engineering, supply and construction for the comprehensive development of the Buhsir Marine Field On the National Petroleum Construction Company.

The contract includes the construction and pilot operations of the marine facilities that will help raise the Bohsir field's current production capacity by 8,000 barrels per day to 16,000 barrels by 2020.

The contract represents more than half of its value in the UAE economy, in line with ADNOC's goals of enhancing local value-added to encourage the local private sector to take advantage of partnerships and opportunities offered by the 2030 integrated strategy for Smart Growth. Exchange of knowledge.

It also helps to provide additional employment opportunities to citizens, thereby strengthening the commitment of ADNOC to support local businesses and their role in economic diversification and GDP growth.
"The awarding of the engineering, procurement and construction contract for the Buhsir development project is an important development in our business and provides a concrete example of our commitment to continue to work effectively for develop and increase our production capacity. " Abdul Moneim Al Kindi said ADNOC 2030 Smart Growth aims to increase the economic performance and profitability of our company in exploration, development and production.

The Bohser field, which is part of two exploration areas awarded to the National Petroleum Corporation of China (CNPC), is established. In 2013, the significant potential for exploration and production of underground areas in the Emirate of Abu Dhabi and commercial opportunities to maximize the value of our exploration, development resources and production.

The National Petroleum Construction Company is one of the largest international companies that provide solutions in the field of engineering services, supplies and construction projects for the development of oil and gas fields offshore and offshore.

The company provides environmental services Engineering, procurement, project management, manufacturing and installation And pilot operation of project owners and operators.

The National Petroleum Construction Company was established in 1973 as a joint venture between Industries, the Government Holding Company and the Global Contractors Union Group, the International Construction and Construction Corporation.

Yasat's concession includes two areas, one marine and the other terrestrial / marine, and the marine area, in addition to the Bouhsir field, includes a number of ongoing oil and gas fields of evaluation and development, of which Bilbazim, Umm al-Dalu, "He said .Butcher is the first of these areas to be developed.The amount of crude oil estimated throughout the maritime region is 1.5 billion The land / sea concession is located southwest of Abu Dhabi and Yasat is currently assessing the commercial potential of this concession and preparing its development plan.

Yasat, with ADNOC holding 60% of its shares, while China National Petroleum Corporation holds the remaining 40%, was created by a law published in April 2014.

The announcement of the award of this contract comes one month after the export of the first shipment, which amounted to 50 thousand barrels of production from the Bohser crude oil field to through the island of Das in China by the National Petroleum Corporation of China (CNPC)