Dubai, UAE – 20 November 2018: Arabtec Holding PJSC (Arabtec or Group), a leading contractor for social and economic infrastructure, today announced that its wholly owned subsidiary, Target Engineering, has been appointed by Tecnicas Reunidas to carry out the AED 521 million mechanical and electrical construction works for ADNOC Onshore’s Bu Hasa Integrated Field Development Project.
Target’s scope is the construction and expansion of the existing Bu Hasa oil pad hubs, the gas lift phase II and the produced water re-injection phase I and II. 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.
Group Chief Executive Officer, Mr. Hamish Tyrwhitt comments: ‘We are delighted to be appointed by Tecnicas Reunidas to carry out the mechanical and electrical construction works for ADNOC Onshore. This is another oil and gas project which demonstrates Target’s strength in the industrial sector as we continue to build on our core competencies in our core markets.’
