UAE - Mubasher: The Abu Dhabi National Oil Company (ADNOC) has invested up to $318 million (AED 1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa.

Bu Hasa is one of the largest onshore fields in Abu Dhabi for sustaining a production capacity of 650,000 barrels per day (bpd), according to a press release on Tuesday.

With the option of a two-year extension, the three-year engineering, procurement, and construction (EPC) contracts have been awarded by ADNOC Onshore in two packages.

The first package, worth $158.6 million (AED 582 million), has been won by China Petroleum Pipeline Engineering Co., while the second package, valued at $159.1 million (AED 583.9 million), has been given to Robt Stone (ME).

Under the contract, 260 conventional and non-conventional smart wells will be installed.

More than 50% of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) programme.

ADNOC Upstream Executive Director, Yaser Saeed Almazrouei, said: "This EPC award demonstrates how ADNOC is leveraging advanced technologies, such as smart wells with state-of-the-art remote capabilities, to drive higher performance from our assets and resources, and to generate additional value."