Adnoc L&S awarded $975m contract to develop island in Lower Zakum oilfield – The National

Adnoc L&S awarded $975m contract to develop island in Lower Zakum oilfield – The National

Adnoc Logistics and Services has been awarded a $975 million contract by Adnoc Offshore to build an artificial island in the Lower Zakum offshore field.

At least 75 per cent of the total contract value for dredging, land reclamation and marine construction of the island will flow back into the UAE economy, Adnoc L&S said in a filing to the Abu Dhabi Securities Exchange on Thursday.

“Capitalising on our project management expertise, end-to-end logistics solutions and strategic partnerships, Adnoc L&S is primed to execute major offshore EPC [engineering, procurement and construction] contracts,” said its chief executive Capt Abdulkareem Al Masabi.