Exec: Exxon plans cost-reduction measures for UAE oilfield

11/10/2009 | Rigzone

Building artificial islands instead of steel platforms for drilling could save ExxonMobil billions as it develops the Upper Zakum oilfield in Abu Dhabi, United Arab Emirates. A final investment decision on the venture has not been reached, said Exxon executive Frank Kemnetz, with several authorities managing the assignment of contracts for engineering, procurement and construction services.

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