ARABTEC HOLDING ARTC.DU :

* TARGET ENGINEERING SECURES AED 521 MILLION CONTRACT FROM TECNICAS REUNIDAS

* UNIT APPOINTED BY TECNICAS REUNIDAS FOR MECHANICAL, ELECTRICAL CONSTRUCTION WORKS FOR ADNOC ONSHORE’S BU HASA INTEGRATED FIELD DEVELOPMENT

* THE PURPOSE OF THE PROJECT IS TO INCREASE AND SUSTAIN THE BU HASA PRODUCTION PLATEAU OUTPUT TO 650,000 BARRELS PER DAY BY 2020

* THE CONTRACT WORKS WILL COMMENCE IN MAY 2019 FOR A DURATION OF 30 MONTHS

* TARGET’S SCOPE IS CONSTRUCTION, EXPANSION OF EXISTING BU HASA OIL PAD HUBS, GAS LIFT PHASE II, PRODUCED WATER RE-INJECTION PHASE I AND II

Source: (https://bit.ly/2PDSIVf) Further company coverage: ARTC.DU

((Reuters.Briefs@thomsonreuters.com;))