ADNOC cancels $1.65 billion Dalma contracts

Published: 20 April 2020 - 11:15 a.m.
By: Carla Sertin

Petrofac revealed that the Abu Dhabi National Oil Company (ADNOC) cancelled two contracts for the Dalma Gas Development Project.

The project is worth $1.65 billion, and a $1.5 billion package was awarded in February 2020 to Petrofac Emirates, a joint venture between Petrofac and Sapura Energy.

Dalma is part of the Ghasha ultra-sour gas concession, a major component of ADNOC's gas self-sufficiency plan.

In a press statement, Petrofac said that it will work with ADNOC to explore alternatives, and noted that it is working through its $7 billion backlog.

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