ADNOC and TAQA announce project for sustainable water supply to onshore operations worth up to $2.4bln

ADNOC and TAQA announce project for sustainable water supply to onshore operations worth up to $2.4bln

ADNOC and TAQA will have a joint 51% majority stake in the Project Company, with the Consortium holding the remaining 49% in the project on a build, own, operate and transfer basis

Centralized world-class seawater treatment facility to replace current deep aquifer saline water systems across ADNOC’s onshore operations, enhancing energy efficiency by up to 30%

Strategic project will reduce ADNOC’s environmental footprint and see over 60% of the project value flow back into the UAE economy

Abu Dhabi, UAE: ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) announced today the award of a strategic investment project estimated at up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations, reinforcing ADNOC and TAQA’s position as responsible energy leaders and underscoring their efforts to drive sustainable initiatives that deliver long-term value.

The project will develop a centralized world-class seawater treatment facility and transportation network for operations at the Bab and Bu Hasa fields in Abu Dhabi. This project will replace the current high-salinity, deep aquifer water systems at the fields, thereby reducing water injection related energy consumption by up to 30%. The project will be connected to the grid and will receive 100% of its power from clean