ADNOC Drilling awarded $1.53 bn contract

ADNOC Drilling awarded $1.53 bn contract

Abu Dhabi National Oil Company (ADNOC) announced in a statement that it has awarded a contract worth $1.53 billion (AED5.62 billion) to ADNOC Drilling.

The award supports the expansion of ADNOC’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon-intensity oil and gas.

ADNOC Offshore awarded the two-year contract which covers the provision of 12 jack-up rigs and two island rigs and the associated Integrated Drilling Services (IDS).

ADNOC Offshore and its strategic international partners continue to maximise value from Abu Dhabi’s offshore oil and gas resources and this award will leverage ADNOC Drilling’s start-to-finish offering as well as its position as the largest drilling company in the region by rig fleet size to drive value and efficiencies while minimizing environmental impact.

Yaser Saeed Almazrouei, ADNOC Upstream Executive Director, said, “Through this award, ADNOC Offshore will continue to responsibly harness the energy in Abu Dhabi’s waters, as we increase production capacity to meet the world’s growing demand for energy with lower carbon intensity oil and gas. ADNOC Drilling is a world leader in drilling and completion services.

“Their deep expertise and wide technical capability will maximise value and minimise the environmental foorprint of every