Page 14 - MEOG Week 25

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its strategic focus to strengthen In-Kingdom content.
Work on the project will begin immediately and the contract award will be re ected in McDermott’s second quarter 2019 backlog.
mCDermott
NIDC Drills 28 Oil Wells in Q1
e national Iranian Drilling Company (nIDC) successfully spudded 28 oil and gas wells over the rst three months of the current calendar year, which began on March 21.
e deputy managing director of nIDC, Mohammad Ale Khamis, said 13 of the wells were development/appraisal wells and the rest were workovers.
He also stated that 19 of the wells were in the elds operated by the national Iranian South oil Company (nISoC), 2 were ordered by the Central Iranian oil Fields Company, two by the Iranian o shore oil Company, two by the Petroleum Engineering and Development Company (PEDEC), and 3 were
spudded in the form of projects.
During the three months, 36,960 meters
of wells were drilled, he added, saying that 14 nIDC rigs were currently operating in the country.
shana
Target Engineering secures additionalBu-Hasacontract
Arabtec Holding PJSC announced that its wholly owned subsidiary, Target Engineering Construction Company secured an additional AED 315 million contract by Tecnicas Reunidas to carry out the construction works for ADnoC onshore’s Bu-Hasa Integrated Field Development Project.
is award extends Target’s scope of
work from the previously announced AED 521 million in november 2018 to bring the total contract value to AED 836 million. Target’s scope is the general construction and expansion of the existing Bu Hasa oil pad hubs, the gas li phase II and the produced
water re-injection phase I and II.
e purpose of the project is to increase
and sustain the Bu Hasa production plateau output to 650,000 barrels per day by october 2021. e contract works will commence in June 2019 for a duration of 28 months.
Acting Group CEo, Peter Pollard comments: “We are pleased that Tecnicas ReunidashasawardedTargettheextended works for the ADnoC onshore project, which re ects our solid relationships across the markets in which we operate. We continue to strengthen our industrial infrastructure portfolio, supporting our strategic priority
to diversify our backlog. More than 50% of our current backlog is spread across social, economic and industrial infrastructure and we will continue to build on our competencies to onboard similar projects in our core geographies.”
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Week 25 25•June•2019