Abu Dhabi National Petroleum (ADNOC) announced on Tuesday for a $ 2.73 billion contract for the development of the fields in the Marine Bazem, confirming the fields The company sought to maximize the possible value of Abu Dhabi fields as its efforts continue to increase its oil production capacity to 5 million barrels per day by 2030.
> The area of Bazm is 120 km northwest of Abu Dhabi, and consists of three fields of marginal marginal fields, with Bazem, Mother of Clay and Umm Al-Ra'a. / p>
The ADNOK has a 60% stake and CNB 40% in Yaset, which enhances strong bilateral relations and energy partnership linking the UAE and China.
The scope covers the execution of engineering, procurement, construction and operation for maritime facilities required to enable full productivity capacity of 45 thousand barrels per day of light crude with 35 degrees according to classification The US Petroleum Institute and 27 million feet are standard of gas accompanying from the Bazam area.
It is expected that the first oil production is expected in 2023.
