The onshore arm of Abu Dhabi National Oil Company (Adnoc Onshore) is engaged in price negotiations with contractors that have bid for a project to build crude oil blending and flexibility facilities at the Fujairah oil export terminal.
Abu Dhabi-based Al-Nasr Contracting Company has submitted the lowest bid for the estimated $20mn to $25mn project, according to sources close to the project.
Adnoc Onshore then approached other bidders who have a better In-Country Value (ICV) score to match the target price, in line with policies of the Adnoc localisation programme.
Technical bids for the Fujairah oil terminal crude oil blending and flexibility facilities project were submitted by contractors by 14 March, 2021. Commercial bids were submitted in mid-June.
The main oil terminal (MOT) at Fujairah, located approximately 300km north of Abu Dhabi, facilitates the export and import of various types of crude oil produced by Adnoc from its onshore and offshore fields.
The Abu Dhabi Crude Oil Pipeline (Adcop) connects milestone pole (MP) 21 at the Habshan oil facility, where stabilised crude produced from various Adnoc Onshore fields are gathered for dispatch, to the Fujairah MOT.
From Fujairah MOT, the crude oil is loaded onto tankers via single point mooring (SPM) offshore loading facilities.
