Ghasha Concession $1.36 Billion Contract for NMDC

Abu Dhabi National Oil Company (ADNOC) has awarded a $1.36 billion dredging, land reclamation and marine construction contract to the UAE’s National Marine Dredging Company (NMDC) for the construction of the Ghasha Concession Artificial Islands. 

Under the agreement, NMDC will construct 10 new artificial islands and two causeways, as well as expand an existing island – Al Ghaf.

This capital development project is expected to take 38 months to complete and will provide the infrastructure required to further develop, drill and produce gas from the sour gas fields in the Ghasha Concession.

At peak construction, the project is expected to employ over 3,500 people.

The award was signed by Abdulmunim Al Kindy, ADNOC Upstream Executive Director, and Yasser Zaghloul, NMDC CEO, and was witnessed by Dr. Sultan Ahmad Al Jaber, Minister of State and ADNOC Group CEO, and Mohammed Thani Murshed Al Rumaithi, Chairman of NMDC.

Commenting the latest news, Dr. Sultan Al Jaber, said: “As one of the world’s largest sour gas projects it will make a significant contribution to the UAE’s objective to become gas self-sufficient and transition to a potential net gas exporter.”

The Ghasha Concession consists of the Hail, Ghasha, Dalma, Nasr and Mubarraz offshore gas fields.