ABB awarded US$ 260-million offshore Khuff Gas Project.

Business & High Tech Editors

ZURICH, Switzerland--(BUSINESS WIRE)--Sept. 12, 2000

Includes installation of new network and processing platform

Global technology group ABB said today it has won a US$ 260-million contract to design the offshore Khuff gas project in Abu Dhabi, United Arab Emirates for an operating arm of the Abu Dhabi National Oil Company (ADNOC).

ABB said the scope of contract includes modifications and technology upgrades of 13 existing gas platforms and the construction of two new platforms. The platforms have topside weights of 4,400 tons and 1,200 tons and are being developed and constructed in water that is between 20 and 30 meters deep.

ABB was awarded the contract by ADMA-OPCO, an operating arm of ADNOC, which is located in Abu Dhabi. ADNOC's 70-percent owned construction company, National Petroleum Construction Company (NPCC), is the designated fabricator and constructor for the project.

The contract, a further confirmation of ABB's strong position in the oil, gas and petrochemicals area, follows closely behind four key deals. Today, ABB said it has agreed to invest US$ 100 million in Sinopec Corp., Asia's largest refiner, through an Initial Public Offering (IPO). Late last month, the group announced it had entered a majority-owned joint venture to acquire a polypropylene technology that will extend its petrochemical business. In late July, ABB won a ...