ADNOC, TAQA to power onshore operations with sustainable water supply project

ADNOC, TAQA to power onshore operations with sustainable water supply project

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) have announced a strategic investment project estimated up to $2.4 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 percent. The project will be connected to the grid and will receive 100 percent of its power from clean energy sources.

ADNOC and TAQA will jointly hold a 51 percent majority stake, 25.5 percent each, in the Project Company and the remaining 49 percent stake has been awarded to a consortium comprised of Orascom Construction and Metito.

The Consortium will arrange the project financing for the construction phase and develop the project under a build, own, operate and transfer (BOOT) model, with the full project being returned to ADNOC after 30 years of operation.

Abdulmunim Saif Al Kindy

Executive Director

Upstream

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