ADNOC to invest US $187m to develop Al Nouf field
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"The investment is in the form of an Engineering, Procurement and Construction (EPC) contract awarded by ADNOC Onshore to Robt. Stone (ME)-LLC which will see more than 75% of the value returning to the UAE’s economy under our flagship In-Country Value program, over the 39-month duration of the contract," said the company in a statement on its Linkedin page.
Al Nouf field is located approximately 85 kilometers southwest of Abu Dhabi, and has been producing since 2005. The development work will add more than 20 new wells in the filed, moreover, it will expand the use of water and gas (WAG) injection for enhanced oil recovery, the company said.