ADNOC’s $1bn gas gamble: McDermott to build Middle East’s heaviest

Abu Dhabi’s state-owned oil company, ADNOC, has placed a billion-dollar bet on its Umm Shaif gas field, awarding Houston-based McDermott a “mega contract” to build what will become one of the heaviest offshore modules in the Middle East. The deal, classified as exceeding $1bn, covers the full engineering, procurement, construction, and installation (EPCI) scope for a new surface pressure-boosting facility. The project is a cornerstone of ADNOC’s long-term development plan for Umm Shaif, aimed at squeezing more gas from the ageing field. While the exact production uplift remains undisclosed, the…

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