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Contract Type
contract
Description
Abu Dhabi National Oil Company (Adnoc) has awarded two engineering, procurement and construction (EPC) deals worth $1.7 billion for the further expansion of its South East oilfield asset. The contracts are part of Adnoc’s P5 production enhancement plan, aiming to increase Abu Dhabi’s crude production to 5 million barrels per day by 2027.
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Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months