Abu Dhabi National Oil Company's (ADNOC) ADNOC Logistics and Services business unit has been awarded a contract to construct an artificial island near the Lower Zakum oil field off Abu Dhabi.
The contract, which has an estimated value of US$975 million, covers dredging, land reclamation, and marine construction. ADNOC said the project is part of Lower Zakum's Long-Term Development Plan, which is being implemented in anticipation of increasing global energy demand.
The project was awarded by ADNOC Offshore, ADNOC's oil and gas production arm.