ABU DHABI – Interserve, the international support services, construction and equipment group, has secured £9.6m ($12.4m) in new business with Abu Dhabi National Oil Company (ADNOC) on a range of offshore and gas processing projects.
ADNOC is the state-owned oil company of the United Arab Emirates, which holds the seventh-largest proven reserves of oil in the world at 97.8 billion barrels. Most of these reserves are in Abu Dhabi.
The contracts will be delivered by Interserve subsidiary, Adyard Group, one of the UAE’s leading service providers to the oil and gas sector, based in Abu Dhabi, where it operates several fabrication, construction and maintenance yards with significant quayside and load-out facilities.
Adyard has been awarded the contract to replace ADNOC’s offshore firewater pump systems on a number of topsides and the replacement of liquid sulphur loading system at ADNOC’s onshore plant at Al-Ruwais.
The company will also install a flowline replacement using Inconel alloy, which is resistant to corrosion at high temperatures and pressures, ideal for the oil sector, and fabricate new pipe racks and skids.
Andrew Beaney, Managing Director at Interserve International, said: “We are delighted to be working with ADNOC on these projects following the successful delivery of a number of developments with its offshore and gas-processing divisions where Interserve has demonstrated its capability, skill and expertise in the UAE oil and gas sector.
“These new contract wins contribute to Interserve’s continued growth and success within the oil and gas industry and reinforce our strategy to create, in Adyard, UAE’s premier engineering, procurement, construction, maintenance, fabrication and specialist manpower supply company.”
-Ends-
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
