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Monday, June 30, 2025

UAE ADNOC Upper Zakum Expansion: Fiscal terms and interested firmsnote

UAE ADNOC Offshore is preparing to issue the main engineering, procurement, and construction (EPC) tender for the Upper Zakum expansion project.

The pre-Front End Engineering Design (FEED) and FEED, led by Technip Energies, is nearing completion, with the tender expected to cover platform extensions, subsea flowlines, and artificial island upgrades.

This note assesses the tender rollout and contractor positioning, including:

- ADNOC’s phased EPC approach to accelerate delivery

- Dual-track contractor strategy to balance political and execution risk

- Pre-screened firms

- The tender’s fiscal terms and incentives


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