The MERAM Project In The UAE has officially awarded its contract to a joint venture. A unit of Abu Dhabi National Oil Company, ADNOC, awarded the contract to the Spanish group Technicas Reunidas and NPCC (National Petroleum Construction Company).
An official statement from ADNOC noted that the project’s scope of work comprises the commissioning of new gas processing facilities. This, in turn, will further serve extended supply to the Ruwais Industrial Complex.
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The MERAM Project In The UAE’s Contract Value
The MERAM Project In The UAE boasts a contract value of $3.6 billion. Moreover, a press release statement noted that up to 70% of its award value will flow back into the region’s economy. The official statement further unveiled that the significant economical benefit is a result of ADNOC’s successful In-Country Value (ICV) program.
In a nutshell, the Maximizing Ethane Recovery and Monetization (MERAM) project strives to achieve two major objectives. Firstly, it targets to increase the extraction of ethane by 35% to 40%. Thus, it will feature the construction of new gas facilities at the existing Hashbash complex. Secondly, the development project aims to unlock further value from existing feedstock, while delivering it to Ruwais. Therefore, the second goal will lead to the construction of a dedicated 120-kilometer gas liquids (NGL) pipeline.
While commenting on the project’s progress, the CEO of ADNOC Gas noted that it represents and serves as a reflection of the company’s commitment to investing in gas processing infrastructure. Furthermore, Ahmed Mohamed Alebri said that it highlights ADNOC’s motivation to responsibly meet current as well as future energy demand, especially for natural gas. Conclusively, the CEO noted that expanding gas processing infrastructure will lead to the provision of additional energy to the country, as well as stimulate diversification, alongside economic growth.
