By Elena Vardon
Petrofac said it won a contract valued at more than $600 million from a subsidiary of Abu Dhabi National Oil Co., or Adnoc, for the oil giant's carbon-capture project at its gas processing plant in the United Arab Emirates.
The London-listed provider of services to the energy industry on Tuesday said the engineering, procurement and construction contract is for Adnoc's Habshan Carbon Capture, Utilisation and Storage project. It involves the delivery of carbon-capture units, pipeline infrastructure and a network of wells for carbon dioxide recovery and injection, it added.
"We look forward to combining our CCUS expertise and UAE project delivery experience to support Adnoc Gas in delivering on their decarbonization plans, maximizing energy output while minimizing emissions, and helping to support the UAE's energy transition," Chief Executive Tareq Kawash said.
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(END) Dow Jones Newswires
October 03, 2023 03:34 ET (07:34 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.