Oil rig construction major Lamprell has won a new contract from Petrofac Emirates for the fabrication and delivery of 29 modules offshore Abu Dhabi
The modules are being constructed for the Upper Zakum project or UZ750, located 84km north-west of the Abu Dhabi islands, stated reports.
The field holds an estimated 50bn barrels of oil reserves and is currently producing 600,000 barrels of oil a day (bpd). Company officials stated that the production capacity at the field is set to increase to 750,000 bpd following the completion of the second phase of the US$10bn UZ750 project, due in 2017.
Lamprell said it will deliver the first shipment of modules in Q2 2015, and the final pipe-rack will be delivered in Q1 2016.
James Moffat, CEO of Lamprell, said, "We are pleased to announce this new contract from Petrofac, for whom Lamprell completed similar works last year for the Laggan Tormore development in the North Sea. We have established a strong track record in the offshore and onshore construction sector, which is one of Lamprell's core markets, and we continue to see further growth opportunities."
Lamprell and Petrofac had won orders in 2010 worth US$9bn for drilling activity, rig building and repair in the UAE.
