ADNOC Awards McDermott Over $1 Billion Contract for Offshore Gas Project
Abu Dhabi National Oil Company (ADNOC) has awarded a contract worth over $1 billion to McDermott and its Qingdao McDermott Wuchuan consortium. The project involves constructing an offshore pressure-boosting facility at the Umm Shaif field in Abu Dhabi, as part of ADNOC's broader strategy to expand natural gas production. The engineering, procurement, construction, and installation (EPC) contract is for Package 4 of ADNOC’s Umm Shaif Integrated Gas Cap and Surface Pressure Boosting Project. The project includes building a new jacket and topside while modifying existing infrastructure offshore. This follows ADNOC's $6.2 billion final investment decision in July to develop the gas cap, with partners TotalEnergies, Eni, and China National Petroleum Corporation. The development is expected to unlock over 600 million standard cubic feet per day of natural gas and associated liquids—roughly 10% of UAE domestic consumption—with first production targeted for 2030. The project aligns with ADNOC’s goal to become a top-five global gas and LNG player by 2035.
