Al Yasat Petroleum Operations Company
Growth Score40DXBi Rank159Heat Score100Al Yasat Petroleum Operations Company LLC
ADNOC's lean-model operator for Abu Dhabi's smaller onshore and offshore fields, run as a joint venture with China's CNPC.
Media
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Offshore block near Abu Dhabi starts oil production
ABL Group appointed marine warranty surveyor for Belbazem Block project
ADNOC dishes out $744 million deal for Belbazem field development
UAE and China JV produces first oil from field offshore Abu Dhabi
SNC-Lavalin (AtkinsRéalis) awarded engineering, PM and technical support services contract by Al Yasat Petroleum
Al Yasat Petroleum lets contract for Belbazem block development
NPCC and Petrofac awarded Belbazem Block FEED contract
ADNOC/Al Yasat awards Bu Haseer offshore field full development EPC contract to NPCC
Overview
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Joint Venture (subsidiary of ADNOC, minority-owned by CNPC)
- Headquarters
- ADNOC HQ, P.O. Box 898, Corniche Road West, Abu Dhabi, UAE
- Founded
- 2014
Products & Services
Belbazem Offshore Block (Belbazem, Umm Al Salsal, Umm Al Dholou fields)
Producing offshore asset delivering ~45,000 bpd of light crude (API 35°) and 27 mmscfd of associated gas, first oil achieved March 2024
Bu Haseer Offshore Field
Producing offshore field developed in two phases (2018 EPC, first oil Jan 2020) with platform capacity built up to roughly 15,000–16,000 bpd per phase
Digital Oil Field Program (autonomous wells / unmanned operations initiative)
Company-stated digital and innovation strategy to improve safety and productivity through autonomous well and unmanned-operations technology
Onshore and Offshore Exploration Concessions (Abu Dhabi)
Two mandated ADNOC concession areas (~7,800 km² onshore southwest of Abu Dhabi; ~582 km² offshore northwest of Abu Dhabi covering six fields) that Al Yasat explores and develops
People
Technology
Tech stack
Financials
Funding rounds
Projects
ADNOC awards $744 million EPC contract to NPCC for Belbazem Offshore Block full field development
Al Yasat Petroleum's operator ADNOC awarded National Petroleum Construction Company (NPCC) a $744 million (AED 2.73 billion) EPC contract to develop the Belbazem, Umm Al Salsal and Umm Al Dholou fields (Belbazem Block), targeting 45,000 bpd of light crude and 27 mmscfd of associated gas, 120km northwest of Abu Dhabi.
$744M
May 25, 2021
NPCC and Petrofac awarded Belbazem Block FEED contract
National Petroleum Construction Company (NPCC) and joint-venture partner Petrofac were selected by Al Yasat Petroleum to prepare a Front-End Engineering Design (FEED) package and EPCI proposal for the Belbazem, Umm Al Salsal, Umm Al Dholou and Bu Haseer fields; the FEED competition later cut tender time by ~12 months and saved roughly $190 million in capex.
Jul 29, 2019
ADNOC/Al Yasat awards Bu Haseer offshore field full development EPC contract to NPCC
NPCC was awarded an EPC contract for the full field development of the Bu Haseer offshore field, aiming to raise production capacity from 8,000 to 16,000 bpd by 2020, with over half the contract value returned to Abu Dhabi's economy via ADNOC's In-Country Value program.
Jul 2, 2018
SNC-Lavalin (AtkinsRéalis) awarded engineering, PM and technical support services contract by Al Yasat Petroleum
SNC-Lavalin (now AtkinsRéalis) won a roughly $52 million CAD, three-year (plus two optional years) contract covering conceptual studies, FEED, execution planning, detailed engineering, procurement support, digital transformation consulting and project management staffing across Al Yasat's onshore (7,800 km²) and offshore (582 km², six fields) concession areas.
Sep 16, 2019
ABL Group appointed marine warranty surveyor for Belbazem Block project
ABL Group was appointed by Al Yasat Petroleum to provide marine warranty survey services for the Belbazem Block development, covering loadout, transportation and installation of offshore facilities, wellhead towers, a 60km subsea pipeline/cable route to Zirku Island, and related onshore tie-in works.
Oct 12, 2022
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