ADNOC Drilling awarded $1.7 Billion Contract

ADNOC Drilling awarded $1.7 Billion Contract

ADNOC Drilling Company PJSC (ADNOC Drilling) has been awarded, by ADNOC, a $1.7 billion contract to provide drilling and associated services for the recovery of ...

The post ADNOC Drilling awarded $1.7 Billion Contract appeared first on SaudiGulf Projects.ADNOC Drilling Company PJSC (ADNOC Drilling) has been awarded, by ADNOC, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.

The contract will see Turnwell deliver 144 unconventional oil and gas wells. To service the contract, and explore the considerable future opportunities in unconventional resources, ADNOC Drilling has incorporated a new company, Turnwell Industries LLC OPC (“Turnwell”).

ADNOC Drilling has signed a term sheet to enter into a strategic partnership with Schlumberger Middle East SA (“SLB”) and Patterson-UTI International Holdings, Inc. (“Patterson-UTI”) subject to signing definitive agreements and any necessary regulatory approvals. The new company will be primarily engaged in unconventional drilling operations.

Abdulmunim Saif Al Kindy, ADNOC Upstream Executive Director and Vice Chairman of ADNOC Drilling, said:” Our goal at ADNOC is to provide the energy and energy products that people depend on every day to power their lives and ensure a just, orderly and equitable energy transition. This award will accelerate the development of Abu Dhabi’s world-class