Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) have announced a project worth up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for the former's onshore operations.
Abu Dhabi-based energy giant ADNOC and utility firm TAQA will have 51% and 25.5% stakes, respectively, in the "project company," with a consortium holding the remaining 49% on a build-own-operate and transfer (BOOT) basis.
The consortium, which comprises Orascom Construction and Metito, will arrange the project financing for the construction phase and develop the project.
The entire project will be returned to ADNOC after 30 years of operation.
The project will develop a centralized seawater treatment facility and transportation network for ADNOC operations at the Bab and Bu Hasa fields in Abu Dhabi. It will replace the current 'high-salinity, deep aquifer water systems' at the fields, reducing water injection-related energy consumption by up to 30%.
The project will be connected to the grid and get 100% of its power from clean energy sources. It will deliver over 110 million imperial gallons per day (MIGD) of nano-filtered seawater through 75 kilometers of transportation, over 230 kilometers of distribution pipelines, and two pumping stations, supplying sustainable water for ADNOC’s onshore operations.
Over 60% of the project value during the development and operation phases will flow back into the UAE’s economy under ADNOC’s highly successful In-Country Value (ICV) program.
TAQA, which ranked 10th on Forbes Middle East's Top 100 Listed Companies 2022 list, has significant investments in power and water generation, transmission and distribution, as well as upstream and midstream oil and gas operations.
