Bidders for the $4 billion Upper Zakum (UZ 750) oilfield expansion project are squaring off for what could be a sharp fight as the Abu Dhabi client considers its options following commercial tenders giving a South Korean contractor the edge.
The client Zakum Development Company (Zadco) is “not happy with the results of the commercial bidding and (low bidder) Hyundai Heavy Industries may be dropped”, one source from a rival bidder told Upstream.
Source: Upstreamonline
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