Build, own, operate and transfer (BOOT) of an 10 MIGD independent water producer (IWP).
The client received proposals from consultants for advisory positions on the scheme in early February 2021. The project will also involve development of the water transmission pipelines from the plants to the oilfields.
Client has selected the financial adviser for two components of its 'Project Wave', which aims to utilise seawater as an additional source for ehanced oil recovery-based (EOR) injection in onshore fields. A team of UK-based Alderbrook Finance and Saudi-based SMBC will provide financial advisory services. It is also close to selecting the technical advisor for the project. Austria-headquartered ILF Consulting Engineers is line to win the technical advisory contract. The project has three distinct components, the first two of which will be implemented on a build, own, operate and transfer (BOOT) basis. The third component will be implemented as an engineering, procurement and construction (EPC) contract. The first component entails the development of a seawater treatment plant. It would consist of a seawater intake, outfall, flitration and sulphur reduction plant. The second component entails the development of pipelines to transport treated, filtered, low-sulphate seawater for injection into Adnoc's onshore fields of Bab, Bu Hasa, North East Bab and South East Bab. The final component covers the development of a centralised pumping station and in-field distribution network to distribute treated water up to water injection wells.
A project company consisting of Adnoc and the successful bidder will implement the project's first two components. Adnoc will be the sole off-taker of the treated seawater at the battery limit of the Adnoc Onshore fields. Adnoc Group subsidiary Adnoc Onshore will procure the EPC contract for the third component. The public-private partnership (PPP) model for the project's first two components will allow to optimise the project structure and allocation of risks, minimise the levelised cost of water, and attract a long-term strategic partner. The PPP route is also expected to ensure target commercial operation dates are achieved and minimise the impact of project liabilities on its balance sheet and credit rating.
Client has invited developers to express an interest by 15 March 2021 for a contract to develop the planned seawater treatment and transmission pipeline scheme. The project will replace the current aquifer water injection systems used for maintaining reservoir pressure in all onshore oil fields in Abu Dhabi. It also involves the development of pumping stations and transmission pipelines to transport the treated water to onshore oil fields, requiring approximately 450 kilometres of new pipeline infrastructure.
April
16
2024
Tuesday
LAST UPDATED
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