Adnoc is currently evaluating commercial bids for at least three EPCI packages meant for the first phase of the Lower Zakum LTDP-1 project.

State-owned Abu Dhabi National Oil Company (Adnoc) is nearing the decision phase on a multibillion-dollar development project, aimed at further expanding its huge Lower Zakum offshore oilfield.

The Emirati state giant is expanding the capacity of some of its largest offshore oilfields as a part of its P5 programme, which aims to ramp up its oil production capacity to 5 million barrels per day by 2027, from the existing 4.85 million bpd.

However, industry sources have indicated, that Adnoc could achieve its 5 million bpd target, much earlier than envisaged, on the back of multiple ongoing oilfield expansion programmes in Abu Dhabi.