Business

Adnoc underground crude oil storage system

Name of Client     Abu Dhabi National Oil Company (Adnoc)

Estimated Budget     $2,200,000,000

Facility Type     :    Oil Storage Tanks

Sector               :    Oil

Status               :    Construction

Location           :    Mandous

FEED                :    Geostock; Abu Dhabi Company for Onshore Oil Operations (ADCO)

Main Contractor    :      SK Engineering & Construction

Contract Value  :   $1.2 billion

                                      

Background

Adnoc is planning to develop an underground crude oil storage system including three underground mined rock caverns to store three different types of crude (Murban, Das and Upper Zakum) in addition to providing integration with the existing MOT Fujairah Facilities.

 

Project Status

Dec 2019: Construction activities are well underway. National Emirates is still carrying out drilling works and Pioneers Oil and Gas Services is also working on the shaft excavation for the field.

 

Project Scope

The project’s overall scope of work includes a pipeline network to transport the types of crude; three underground caverns; surface facilities; and relevant civil, mechanical and other engineering and construction.

SK Engineering’s scope of work also includes construction of water tunnels (7 m and 5 m) in a D-shape; boreholes and access tunnels; compressor units; access roads; and installation of temperature control machinery and safety systems.

 

Project Finance

Abu Dhabi National Oil Company (Adnoc) is the project owner.

 

Project Schedules

Project Announced           Q1-2017

EPC ITB                           Q2-2017

Engineering & Procurement        Q4-2017

Construction                    Q2-2018

Commissioning                Q2-2023

Completion        Q4-2023




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