ZADCOZakum Development Company (Abu Dhabi, United Arab Emirates)
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The international shareholders in ZADCO are ExxonMobil (28%) and JODCO (12%).
This is the second contract Xodus has won with the operator this year following a [pounds sterling]400,000 contract for vibration assessment and analysis on the oil train piping and structures for ZADCO at Zirku Island.
2002: ADNOC, ADMA-OPCO and ZADCO completed the largest ocean bottom 3D seismic survey (1,800 km) ever acquired in the world - 2005: NDC get the latest offshore rig - al-Hail.
ZADCO hopes to maintain the 750,000 b/d plateau for up to 25 years.
Its three main oil producing units are consortia: ADCO, ADMA-OPCO and ZADCO.
Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group, while commenting on the consolidation, said, "With ADNOCs recent focus on driving efficiency, performance and profitability without compromising HSE and asset integrity the consolidation of ADMA-OPCO and ZADCO is a logical step to help achieve these objectives.
We are honored that ZADCO has entrusted Hill with helping execute these major projects," said Mohammed Al Rais , regional president (Middle East) for Hill's Project Management Group.
ZADCO in May 2008 had launched three major projects, worth almost $1bn in total, which have upgraded the company's existing infrastructure.
Speedy's services will assist with drilling and processing activities on four artificial islands which are being constructed by ZADCO.
It also reflects the confidence of our client ZADCO in the strong consortium that we form with NPCC.
The deal concerns a major civil and buildings project on the South and North Islands - of the four artificial islands developed by ZADCO, belonging to Upper Zakum Offshore Field.
The conference was attended by scores of top officials and experts in process safety from ADNOC Group of Companies (including ADMA-OPCO, ADCO, GASCOEOAe ZADCO and Borouge), as well as the participation of the Center for Chemical Process Safety (CCPS), (a technology alliance of the American Institute of Chemical Engineers).