ADNOC, TAQA form water supply JV for Abu Dhabi fields
ADNOC and Abu Dhabi National Energy Co. PJSC (TAQA) plan to invest up to $2.4 billion for a joint project to provide sustainable water supply for ADNOC’s onshore operations in Abu Dhabi, UAE.
The greenfield project will comprise a centralized seawater treatment plant and transportation network for operations at Bab and Bu Hasa fields with a goal to deliver more than 110 million imperial gal/d of nano filtered seawater through a water transmission pipeline of 75 km, more than 230 km of distribution pipelines, and two pumping stations.
The project would replace the current high-salinity, deep aquifer water systems at the fields, thereby reducing water injection related energy consumption by up to 30%, the companies said in a joint release May 24.
The project will be connected to the grid and will receive 100% of its power from clean energy sources, the companies continued.
ADNOC and TAQA will jointly hold a 51% majority stake (25.5% each). The remaining 49% will be held by a consortium comprised of Orascom Construction and Metito. The consortium will arrange project financing for the construction phase and develop the project under a build, own, operate, and transfer model, with the full project being returned to ADNOC after 30 years of operation.
About the Author
Alex ProcykAlex Procyk
Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).