Adnoc Drilling secures AED7.49b deals for Hail, Ghasha gas project

Adnoc Drilling secures AED7.49b deals for Hail, Ghasha gas project

Local News, News, Uncategorized















Abu Dhabi / WAM

Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of two substantial contracts totalling $2 billion (AED7.49 billion) to Adnoc Drilling for the Hail and Ghasha Development Project.

The contracts comprise $1.3 billion (AED4.89 billion) for integrated drilling services and fluids and $711 million (AED2.6 billion) for providing four Island Drilling Units. A third contract, valued at $681 million (AED2.5 billion), was also awarded to Adnoc Logistics & Services for providing offshore logistics and marine support services.

Overall, more than 80% of the value of the awards will flow back into the UAE’s economy under Adnoc’s successful In-Country Value (ICV) program and all three of the contracts will cover the Hail and Ghasha drilling campaign for a maximum of ten years.

The Hail and Ghasha Development Project is part of the Ghasha Concession, which is the world’s largest offshore sour gas development and a key component of Adnoc’s integrated gas masterplan as well as an important enabler of gas self-sufficiency for the UAE.

Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of