ADNOC scraps Dalma sour gas development contracts with Petrofac Emirates

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Abu Dhabi National Oil Company (ADNOC) has canned two contracts with Petrofac Emirates worth USD 1.5 billion for the development of the Dalma ultra sour gas project, with the contracts awarded in February. The decision comes a month after Dalma stakeholder Eni announced it was reviewing energy projects in the Middle East, including joint ventures with ADNOC following the crude price rout.

Petrofac confirmed the contract cancellations on Thursday, with the UK-based oil services provider adding ...

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