ADNOC Gas Awards $5 Billion Contracts for Rich Gas Development
Deal News | Jun 10, 2025 | Zawya
ADNOC Gas has announced the awarding of $5 billion in contracts for the first phase of its Rich Gas Development Project, marking a significant milestone in the largest-ever capital investment by the company. These contracts focus on expanding processing units to increase throughput and enhance operational efficiency across the ADNOC Gas facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore). The move is part of a strategy to boost liquid gas exports, ensure gas self-sufficiency in the UAE, and provide necessary feedstock for the country's petrochemical industry. The Engineering, Procurement, and Construction Management contracts have been divided into three tranches. The largest one, at $2.8 billion, goes to Wood for the Habshan facility, while Petrofac and Kent Plc handle the remaining tranches. With plans for additional investment phases on the horizon, the project aims to drive significant EBITDA growth and align with ADNOC's growth initiatives.
Sectors
- Oil & Gas
- Engineering, Procurement, and Construction (EPC)
Geography
- United Arab Emirates – ADNOC Gas is a national company in the UAE, and the Rich Gas Development Project is a strategic initiative to bolster the country's gas infrastructure and economic growth.
Industry
- Oil & Gas – The article is focused on ADNOC Gas, which operates within the Oil & Gas sector, particularly emphasizing gas development and processing.
- Engineering, Procurement, and Construction (EPC) – The contracts awarded pertain to Engineering, Procurement, and Construction Management services, integral components of the oil and gas infrastructure development.
Financials
- $5 billion – The total value of the contracts awarded for the first phase of the Rich Gas Development Project.
- $2.8 billion – Value of the EPC contract awarded to Wood for the Habshan facility.
- $1.2 billion – Value of the EPC contract awarded to the consortium including Petrofac and Kent Plc for the Das Island facility.
- $1.1 billion – Value of the EPC contract awarded to the consortium including Petrofac and Kent Plc for the Asab and Buhasa facilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ADNOC Gas Plc | Target company | Company | The national gas company responsible for the Rich Gas Development Project and awarding the contracts. |
| Wood | EPC contractor | Company | Awarded the $2.8 billion tranche for the Habshan facility. |
| Petrofac | EPC contractor | Company | Part of the consortium awarded for the Asab, Buhasa, and Das Island facilities. |
| Kent Plc | EPC contractor | Company | Part of the consortium awarded for the Asab, Buhasa, and Das Island facilities. |
| Fatema Al Nuaimi | Chief Executive Officer | People | CEO of ADNOC Gas, providing strategic direction for the project. |