ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have successfully completed the financial closing of AED8.3 billion (US$2.2 billion) project to provide sustainable water supply for ADNOC’s onshore operations in Abu Dhabi, UAE.

This investment involves establishing and operating facilities for sustainable seawater treatment and supply to support ADNOC's operations at the Bab and Bu Hasa fields in Abu Dhabi. A consortium consisting of Orascom Construction and Metito will construct a centralized seawater treatment facility, along with a transportation and distribution network. ADNOC and TAQA jointly hold a 51% majority stake (25.5% each), while the Consortium owns the remaining 49% stake in the project company. Funding for the project will be provided by a consortium of nine local and international banks, including First Abu Dhabi Bank (FAB), Gulf International Bank (GIB), Natixis, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai (CBD), Emirates NBD (ENBD), Emirates Development Bank (EDB), and Warba Bank.

The project aims to replace the existing deep aquifer water systems in the fields, reducing water injection-related energy usage by up to 30%. It will be connected to the grid and rely entirely on clean energy sources. Delivering over 110 million imperial gallons per day (MIGD) of nano-filtered seawater, the project spans 75 km of transportation, over 230 km of distribution pipelines, and involves two pumping stations. This sustainable water supply will support ADNOC’s onshore operations.