ADNOC Gas approves $5bn first phase of Rich Gas Development project
The gas processing arm of the Abu Dhabi National Oil Company, ADNOC Gas, has approved a $5bn investment and awarded contracts for the first phase of its Rich Gas Development (RGD) project – the largest capital investment in the company’s history.
The project aims to expand processing capacity and improve operational efficiency across four gas sites in the UAE: Asab, Buhasa, Habshan, and Das Island. It is expected to support ADNOC Gas’ goal of growing EBITDA by over 40% between 2023 and 2029, and to enhance gas self-sufficiency while boosting feedstock availability for the domestic petrochemicals sector.
Phase one of the project will focus on optimising and “debottlenecking” existing infrastructure to unlock new gas streams. Future phases, currently in planning, will extend to ADNOC Gas’ facilities at Habshan and Ruwais.
Engineering, procurement and construction management contracts have been awarded across three tranches, including a $2.8bn contract secured by Wood for the Habshan facility.
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