Bechtel awarded nat gas deal

US-based Bechtel wins massive US$1.46 billion natural gas development contract in Abu Dhabi.

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By  Elizabeth Drachman Published  November 30, 2004

Abu Dhabi Gas Industries (Gasco) has awarded US-based Bechtel a US$1.46 billion development contract in an effort to boost natural gas output. Gasco, a unit of the Abu Dhabi National Oil Company (Adnoc), is leading the drive to expand gas production from 5 billion cubic feet per day to around 7 billion. The Bechtel contract represents the first and largest, of five packages in Adnoc’s onshore gas development master plan. Phase three of the deal will raise pumping rates by 1.3 billion cubic feet per day. The mega-project, when completed in 2007, will also produce 130,000 barrels per day of condensates and 12,000 tonnes per day of natural gas liquids. The United Arab Emirates, which pumps just under 2.5 million barrels a day of crude, is also home to the world’s fifth-biggest gas reserves at 213.9 trillion cubic feet. Other upcoming projects are the US$1 billion Ruwais natural gas liquids scheme and the US$700 million phase two Asab gas development, according to news reports.

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