McDermott clinches over $1 billion EPCI job for ADNOC’s $6.2B giant gas project
McDermott secures a contract exceeding $1 billion to develop the Umm Shaif field, featuring one of the heaviest offshore topsides in Middle Eastern history.
American engineering firm McDermott has secured a contract exceeding $1 billion for a significant offshore gas development in the United Arab Emirates. According to Offshore Energy, the agreement involves work on the Umm Shaif Integrated Gas Cap and Surface Pressure Boosting project. The initiative follows a recent final investment decision valued at $6.2 billion and aims to optimize gas extraction and boost overall production capacity for the region.
The scope of work involves a consortium between McDermott and Qingdao McDermott Wuchuan, covering the full design, procurement, and setup of a new pressure boosting facility. The project includes the fabrication of a jacket and a massive topside, which is expected to be one of the heaviest modules ever positioned in Middle Eastern waters. Management tasks will occur in the UAE, while construction will take place at a joint venture yard in China.
This development targets the recovery of more than 600 million standard cubic feet of gas and liquids daily from the offshore concession. The site is managed by ADNOC Offshore alongside international partners TotalEnergies, CNPC, and Eni. Mike Sutherland of McDermott noted that the contract demonstrates the client's trust in the firm to manage "complex offshore developments safely and efficiently" while supporting long-term regional energy goals.
This latest assignment follows McDermott’s selection by Saudi Aramco for a long-term project management agreement involving large-scale energy and petrochemical infrastructure. The current UAE project remains a primary element of the Umm Shaif Long Term Development Plan, designed to strengthen the nation's energy infrastructure through enhanced surface pressure boosting capabilities and extensive brownfield modifications.
Editorial Desk — Trade Flow Insight. Reporting and market notes compiled by the Trade Flow Insight editorial team.
Cobertura relacionada
Europa se prepara para una crisis energética invernal ante las bajas reservas de gas
Tras meses de precios energéticos elevados, Europa puede esperar que los costos del combustible sigan subiendo durante los meses de invierno a medida que crece la demanda. Se espera que las restricciones continuas al comercio de energía y las amenazas a la infraestructura energética en todo Oriente Medio limiten los suministros mundiales y sigan impulsando los precios al alza, golpeando duramente a los consumidores a menos que los gobiernos intervengan. Se estima que la Unión Europea (UE) ha pagado 100.000 millones de euros adicionales en petróleo y gas en lo que va de año, lo que ha llevado a
El petróleo avanza en medio de riesgos de guerra y huracanes
Los precios del petróleo subieron ligeramente a medida que los ataques a buques cisterna en Oriente Medio y el huracán Isaias aumentaron las preocupaciones sobre el suministro.
Australia publicará el plan definitivo para mantener más GNL en el mercado interno
Australia está lista para revelar la versión final de un controvertido plan para obligar a los productores de gas natural licuado a reservar hasta una quinta parte de su producción para compradores locales.