ADNOC readies major accommodation PPPs
- Project Hawaii is a 550,000 sqm island reclamation in Umm Shaif oil field
- EoI request issued for Project Hawaii, due 21 June; financial advisors sought
- Project Alibaba: onshore staff accommodation for 5,000 in Zayed City, Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) is planning to develop two staff accommodation projects under a PPP model, according to three sources familiar with the plans.
The first scheme, codenamed Project Hawaii, entails the reclamation of a new island complete with infrastructure and related facilities in Umm Shaif, a major offshore oil and gas field in Abu Dhabi.
One of the sources said ADNOC has issued an expression of interest (EoI) request and expects developers to submit their responses by 21 June.
The reclamation work entails 550,000 square metres of land to host staff accommodation facilities and associated services for the giant offshore oil and gas field, the source noted, who added that consultants are currently pitching for the project’s financial advisory role.
ADNOC is the process of expanding the production capacity of the Umm Shaif field, located in the Persian Gulf about 84 km northwest of Abu Dhabi as part of its overall strategy.
The company is planning another design, build, finance, operate and maintain (DBFOM) project although it is in less advanced stage than Project Hawaii.
Codenamed Project Alibaba, the second PPP project entails the development of an onshore staff accommodation facility that can house up to 5,000 staff in Zayed City in Abu Dhabi’s western Al Dhafra region, one of the sources said, who added that ADNOC aims to bring “best-in-class infrastructure and real estate players and investors” to implement the project.
These projects resemble staff accommodation PPP projects previously procured by Saudi Aramco between 2022 and 2024, based on Infralogic data and other published records.
It is not, however, the first time that the Abu Dhabi oil and gas producer is using PPP for greenfield projects.
In 2023, it reached a financial close in partnership with TAQA for the USD 2.2bn Project Wave, also known as Al Mirfa independent water treatment project, which was developed by a team of UAE utility investor and developer Metito and Egypt contracting group Orascom, which was later joined by Investcorp, following the withdrawal of the developer consortium’s original main partner, Cobra, from the project.
Two years earlier, ADNOC and Taqa awarded a USD 3.8bn build, own, operate and transfer (BOOT) contract to a consortium led by KEPCO for a high-voltage, direct current (HVDC) network to supply power to ADNOC’s offshore operations.
ADNOC did not respond to a request for comment.