Abu Dhabi, UAE – December 4, 2024: ADNOC Gas plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”) (ADX symbol: ADNOCGAS / ISIN: AEE01195A234), a world-class integrated gas processing company, announced today that Worley Engineering Pty Ltd has been awarded the Front-End Engineering and Design (FEED) contract for new gas processing facilities at Bab Gas Cap (BGC).
The new facilities would boost ADNOC Gas’ current processing capacity by 20% or over 1.8 billion standard cubic feet per day (scfd) with a Final Investment Decision (FID) expected in 2026.
The project’s processing facilities will be designed to optimize production of natural gas liquids (NGL), condensate, sales gas, and sulfur, The BGC project supports ADNOC’s broader gas growth strategy and is expected to make an important contribution to UAE gas self-sufficiency.
Dr Ahmed Alebri, CEO, ADNOC Gas, said: “Today is an important step forward for this project, which has the potential to substantially increase our gas processing capacity, unlock additional revenue and strengthen ADNOC Gas’ position as a global gas supplier. This ambitious project will deploy state-of-the-art gas processing technologies and make an important contribution to the UAE’s gas self-sufficiency efforts. We are pleased to see the BGC project reach this stage.”
The projects design scope includes the development of gas processing and conditioning units, acid gas recovery units, dehydration units, sulfur recovery units, NGL recovery units, and CO2 capture facilities. It also includes the construction of injection facilities and associated utilities, along with the design and routing of new product pipelines for the efficient transfer of liquid sulfur to the Habshan Sulfur Granulation Plant.
The facilities will receive hydrocarbons from an innovative development of the Bab field. Following advanced field development studies and leveraging state-of-the-art technologies, ADNOC has enabled the simultaneous development of oil and gas within the field whilst unlocking a potential production of 1.5 BCFD of gas and 80 MBD of condensate.
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About ADNOC Gas
*ADNOC Gas which refers to ADNOC Gas Plc and its subsidiaries (ADX: ADNOCGAS), listed on the ADX (ADX symbol: “ADNOCGAS” / ISIN: “AEE01195A234”), is a world-class, large-scale integrated gas processing company operating across the gas value chain, from receipt of feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas supplies approximately 60% of the UAE’s sales gas needs and supplies end-customers in over twenty countries.
About Worley
Worley is a global professional services company of energy, chemicals, and resources experts. We partner with customers to deliver projects and create value over the life of their assets. We’re bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now. Worley Limited is headquartered in Australia and listed on the Australian Securities Exchange (ASX: WOR).
For investor inquiries, please contact:
Christian Audi
Vice President, Investor Relations
+971 (2) 6017087
ir@adnocgas.ae
For media inquiries, please contact:
Colin Joyce
Vice President, Corporate Communications
+971 (2) 6037444
media.adg@adnoc.ae
Release Details
December 04, 2024