ADNOC Gas Awards USD 5 Billion in Contracts for Phase 1 of Rich Gas Development

ADNOC Gas has taken a final investment decision (FID) and awarded USD 5 billion worth of contracts for Phase 1 of its ambitious Rich Gas Development (RGD) project..

The investment will be used to expand gas processing infrastructure at four of ADNOC Gas’s strategic facilities: the onshore sites at Asab, Buhasa, and Habshan, and the offshore Das Island liquefaction facility. The upgrades aim to increase throughput and operational efficiency as ADNOC Gas pushes to strengthen the UAE’s gas self-sufficiency and expand its liquid gas exports.

Engineering, Procurement, and Construction Management (EPCM) contracts for this phase were awarded in three tranches. UK-based engineering group Wood secured the largest contract, worth USD 2.8 billion, for work on the Habshan facility. The remaining two packages went to consortia: Petrofac and Kent won a USD 1.2 billion contract for Das Island, and a USD 1.1 billion contract for Asab and Buhasa.

The RGD project is a central pillar of ADNOC Gas’ growth strategy, aimed at tapping new gas reservoirs, supporting the domestic petrochemical sector, and increasing shareholder returns. Additional phases at Habshan and Ruwais are in the pipeline, with further FIDs expected.

“This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE,” said Fatema Al Nuaimi, CEO of ADNOC Gas. “The FID and contract awards mark a significant milestone in ADNOC Gas’ strategy to deliver over 40 percent EBITDA growth between 2023 and 2029," he added.

Phase 1 will focus on debottlenecking existing infrastructure and unlocking new gas streams, while also advancing ADNOC’s In-Country Value (ICV) commitments. The company aims to generate hundreds of new technical jobs in the UAE by 2029.