Home / Business / Interserve Group Ltd wins ADNOC contracts worth £76m
ADNOC Tower, Abu Dhabi. Image CC credit: Mohammed Alborum - flickr

Interserve Group Ltd wins ADNOC contracts worth £76m

Interserve Group Limited, has secured £76 million in new business with Abu Dhabi National Oil Company (ADNOC) on a range of offshore and gas processing projects.

The announcement comes just days after Interserve went into administration and announced it had completed sale of the Group, other than Plc, to a newly incorporated company, Montana 1 Limited which has been renamed as Interserve Group Limited.

The contracts will be delivered by Interserve subsidiary, Adyard Group based in Abu Dhabi, where it operates several fabrication, construction and maintenance yards with significant quayside and load-out facilities.

Adyard has been awarded the contract to replace ADNOC’s offshore firewater pump systems on a number of topsides and the replacement of liquid sulphur loading system at ADNOC’s onshore plant at Al-Ruwais.

The company will also install a flowline replacement using Inconel alloy, which is resistant to corrosion at high temperatures and pressures, ideal for the oil sector, and fabricate new pipe racks and skids.

Adyard has also embarked on a new long-term blanket contract for well hook-up and other minor project works, as well as the topside modifications for a new gas lift project.

Andrew Beaney, Managing Director at Interserve International, said: “We are delighted to be working with ADNOC, one of the world’s biggest oil producers. Our partnership is a further endorsement of Interserve’s capabilities, skill and expertise we demonstrate as a partner of choice for the oil and gas sector in the UAE.

“These new contract wins contribute to Interserve’s continued growth and success within the oil and gas industry and reinforce our strategy to create, in Adyard, UAE’s premier engineering, procurement, construction, maintenance, fabrication and specialist manpower supply company.”

The contract wins follow on from the award of a wide range of contracts for Adyard’s sister company Madina Group, which has secured £34 million in new business in the past six months with a range of new contracts wins in Qatar with international energy group, Shell.

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