McDermott International is set to secure multiple offshore engineering, procurement and construction (EPC) contracts from Abu Dhabi National Oil Company (Adnoc), with a combined value estimated at up to $1.5 billion. These awards are linked to ADNOC’s ongoing offshore oil and gas expansion programme and reinforce McDermott’s strong positioning in the Middle East offshore EPC market.

The potential contract wins align with ADNOC’s long-term capital investment strategy. In November, ADNOC announced plans to invest up to $150 billion over five years, underscoring its commitment to expanding production capacity, enhancing asset reliability, and maximising the value of its hydrocarbon resources. Offshore developments form a critical pillar of this strategy, particularly as ADNOC accelerates field development to meet rising global energy demand.

As per the deal, McDermott will apply its extensive engineering, procurement, construction and installation (EPCI) expertise to support Adnoc’s objectives of advancing energy security while ensuring safe and sustainable development.

The SARB Gas Development Project is designed to deliver up to 200 million standard cubic feet per day (scfd) of gas by the end of the decade—sufficient to meet the daily energy needs of more than 300,000 homes. 

The project reflects Adnoc’s commitment to responsibly unlocking Abu Dhabi’s energy resources through innovation and efficiency.

McDermott’s anticipated role reflects its established track record in executing large-scale offshore projects for national oil companies in the region, it added.-TradeArabia News Service