The RGD project focuses on developing new gas reservoirs to support liquid gas exports, ensure gas self-sufficiency in the UAE, and provide feedstock for the nation’s growing petrochemical sector. The project aligns with ADNOC Gas’ long-term goals, targeting a 40% EBITDA growth between 2023 and 2029. Fatema Al Nuaimi, CEO of ADNOC Gas, stated: “The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas’ strategy to deliver +40% EBITDA growth between 2023 and 2029.”
Three EPCM contracts, totaling $5 billion, aim to expand key processing units at four facilities: Asab, Buhasa, Habshan (onshore), and Das Island (offshore). The largest contract, valued at $2.8 billion, was awarded to Wood for the Habshan complex, one of the world’s largest gas processing sites with a capacity of 6.1 billion cubic feet per day. Wood’s work includes upgrades and new installations to enhance efficiency, with completion expected by 2027. Ken Gilmartin, Wood’s CEO, said: “ADNOC Gas’ RGD programme is pivotal to the UAE’s energy security strategy and broader economy.”
Petrofac secured a $1.2 billion contract to expand the Das Island facility, operational since 1977, with a liquefaction capacity of six million metric tons per year. The scope includes new gas dehydration and compression trains to boost processing capacity. Tareq Kawash, Petrofac’s Group Chief Executive, noted: “We are delighted to have been entrusted by ADNOC Gas, one of our longest-standing customers, to undertake this contract in our home market of the UAE.”
Kent was awarded a $1.1 billion contract to enhance facilities at Asab and Buhasa. The project is expected to create hundreds of technical jobs by 2029, contributing to the UAE’s economic growth. Additional contracts include a $335 million deal with Petrofac for gas compressor trains and related infrastructure at Habshan.
