PARIS--(BUSINESS WIRE)--Dec. 8, 2021-- Technip Energies (PARIS:TE) has been awarded a contract by the Abu Dhabi National Oil Company (ADNOC) to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development. This project is part of the Ghasha Concession wherein ADNOC’s strategic partners are Eni (25%), Wintershall Dea (10%), OMV (5%), and LUKOIL (5%).
The project aims to develop the untapped oil and gas reserves from the Ghasha Concession fields which is the world’s largest offshore sour gas development. The Concession area is expected to produce over 1.5bscfd(1) of natural gas, as well as condensate and oil. In addition, the CO2 capture, dehydration and export shall be an integral part of the project facilities, thereby reinforcing ADNOC’s decarbonization and sustainability commitments.
The start of production from the concession is expected in 2025, ramping up to full production by the end of the decade. The overall objective of the updated FEED will be to further optimize the project costs for this development as well as to accelerate the integration of carbon capture.
Marco Villa, Chief Operating Officer of Technip Energies, stated: “We are very proud to have been awarded this FEED which will be one of the largest ultra-sour gas project Technip Energies has worked on. This award is recognition of the strong competencies in gas processing as well as the relationship and trust that ADNOC has with Technip Energies for such strategic project. As part of our energy transition journey, we will contribute to a robust design of carbon capture and transportation for enhanced oil recovery, a critical element of this project. For the past four decades, we have been committed to ADNOC through added value services and continued our commitment to expand local execution capabilities and enhance In-Country Value.”
(1) Billion standard cubic feet per day.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: www.technipenergies.com.
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Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
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