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Adnoc awards $1.7 billion contracts for South East oilfield expansion

Oct 25, 2024over 1 year ago

Contract Type

contract

TempeOtherInformation Technologyinformation technology & services

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.

Company Information

Company

Caramel

Location

2150 E Warner Rd

Tempe, Arizona, United States

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.