Sources to CNBC Arabia: The UAE’s ADNOC is heading to split a water treatment project with the cost doubling to $ 5 billion | Corporate News

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Two sources in the oil sector told CNBC Arabia that the UAE company, ADNOC, is heading to divide a sea water treatment project into two projects, with a cost jump more than doubling to about $ 5 billion.

The sources added to CNBC Arabia that the initial plan included an evaluation of the entire project at a level of $2.5 billion, but the doubling of the cost made the company consider dividing it into two projects.

When the project was announced last March, ADNOC said that it would include the development, financing, construction, operation and maintenance of two new independent seawater filtration plants with a full treatment capacity of about 210 million gallons per day.

The project also includes the construction of pumping stations and pipelines necessary to transport treated water to the onshore oil fields, which requires a new infrastructure of pipelines with a length of about 450 km, according to the company’s official website.

The two stations will be developed in two new locations in Al Mirfa and Al Nouf areas, west of Abu Dhabi city.

And according to what the sources told CNBC Arabia, the first phase is expected to start later this year.

He advises ADNOC, Japan’s Sumitomo Mitsui Banking Group (SMBC) and Alderbrook.





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