Worley wins Adnoc Gas contract for Abu Dhabi gas project
Make us a preferred source
Make us a preferred source on Google
The news: Engineering group Worley has won a front end engineering and design (FEED) contract with Adnoc Gas, for new gas processing facilities at the Bab Gas Cap (BGC) project in Abu Dhabi.
The numbers: The project aims to boost Adnoc's current processing capacity by 20%, or over 1.8 billion standard cubic feet per day. Wholly owned by the Abu Dhabi government, Adnoc supplies around 60% of the United Arab Emirates' gas needs.
Worley shares edged down 0.5% to $13.34 by 1:15pm AEDT, extending losses of nearly 25% since January.
The context: The BGC project's design scope includes the development of gas processing and conditioning units, dehydration units, acid gas, natural gas liquid and sulphur recovery units and CO2 capture units.
Worley will provide FEED services through its office in Abu Dhabi with support from personnel from other locations.
What they said: "We're pleased to continue our long-standing relationship with Adnoc in delivering this strategic project which contributes to strengthening our backlog," said Worley's CEO Chris Ashton.
The source: ASX announcement
