ABB Gets $79 Million Order for Abu Dhabi Oil Field
November 13 2018 - 3:01AM
Dow Jones News
By Nathan Allen
ABB Ltd. (ABBN.EB) said late Monday that it has received a $79
million order from China Petroleum Engineering Corp. (600339.SH)
for the supply of electrical components as part of the upgrade to
Abu Dhabi's Bab onshore oil field.
CPECC is the lead contractor on the upgrade project, which aims
to boost capacity at the field to 450,000 barrels of oil a day from
420,000 barrels a day currently.
ABB said it would deliver electrical gear as well as centralized
and localized automation systems.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
November 13, 2018 02:46 ET (07:46 GMT)
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