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ADNOC Offshore and its strategic international partners have invested more than $5 billion in three contracts for the long-term development of Abu Dhabi's offshore operations, parent Abu Dhabi National Oil Company (ADNOC) announced on Monday.
The latest contract award to be announced was a $548 million (2.01 billion UAE dirhams) Engineering, Procurement and Construction (EPC) deal to build a new main gas line at Lower Zakum offshore field.
Abu Dhabi Stock Exchange-listed National Petroleum Construction Company (NPCC) was awarded the deal, according to a Zawya report.
The other two contracts, both awarded last month, included a $3.4 billion award to ADNOC Drilling to drive up offshore production and a $1.2 billion contract to ADNOC Logistics and Services to enhance offshore operations.
(Writing by SA Kader; Editing by Anoop Menon)
