Fossil energy -field development
Adnoc awarded a $744 million contract to the UAE’s National Petroleum Construction Company to fully develop the offshore Belbazem block.
The Belbazem block is being developed to reach a production capacity of 45,000 barrels per day of light crude, with the first barrel of oil expected in 2023.
The Belbazem block, which lies 120 kilometres northwest of Abu Dhabi city, is also expected to produce 27 million cubic feet per day of associated gas by 2023.