UAE's Adco Delays Bids for Oil Production Contract

Abu Dhabi Company for Onshore Operations (Adco) has delayed its deadline for technical bids to oversee an increase its oil production to 1.8 million bpd, until 28 July. Adco's original deadline for the project management consultancy (PMC) deal was 21 July. Sources close to the deal say the delay will allow firms more time to prepare their proposals. Technical bids set out how contractors will carry out engineering works. Adco has yet to set a deadline for commercial bids. Under the '1.8 million' scheme, Adco aims to increase Abu Dhabi's onshore crude production capacity by 400,000 bpd to 1.8 million bpd by the end of 2012. The PMC will cover work on the Bab and Qusawira fields. Adco has two other fields in the scheme. Bida al-Qemzan will be overseen by the US/Canadian Veco. Meanwhile, Adco has shelved work on the Ruwais field. Adco has invited the US' Fluor Corporation; Veco; the UK's Amec and Mott MacDonald; and Worley Parsons to bid for the PMC deal.- MEED