Monday 10 October 2022 – 8:18 am
– The award of the contract helps support ADNOC’s efforts to increase production capacity and meet the growing global demand for reliable and low-emission energy sources.
Redirection of over 80% of the total contract value to the local economy through the “ADNOC” program to enhance the local added value.
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ABU DHABI, October 10 / WAM / The Abu Dhabi National Oil Company (ADNOC) announced today the award of a contract worth AED 5.62 billion (US $ 1.53 billion) to ADNOC Drilling.
This contract supports ADNOC’s expansion of offshore operations and the goal of increasing production capacity to meet the growing global demand for reliable, low-emission energy sources.
The purpose of the two-year contract awarded by ADNOC Offshore envisages the supply of 12 self-propelled rigs and two island rigs, in addition to the related integrated drilling services.
As ADNOC Offshore and its international strategic partners continue to work to increase the value of Abu Dhabi’s offshore oil and gas resources, this contract aims to benefit from ADNOC Drilling’s capabilities in providing integrated drilling services and its largest position. drilling company in the region in terms of the number of pieces in its drilling rig fleet To increase value and increase efficiency by reducing the environmental impacts associated with drilling operations.
More than 80% of the contract value will be redirected to the local economy through ADNOC’s In-Country Value (ICV) program, supporting economic growth and diversification in the UAE.
On this occasion, Yasser Saeed Al Mazrouei, CEO of ADNOC’s exploration, development and production department, said: “Through this contract, ADNOC Offshore will continue to benefit from Abu Dhabi’s offshore energy resources responsibly and support ADNOC’s efforts. to increase capacity. oil productivity to meet the growing global demand for low-emission energy resources. ADNOC Drilling is a world leader in well drilling and preparation services. Its long experience and high technical capabilities will help improve the value and reduce the environmental impacts associated with operations. production capacity, the significant internal added value of this project will contribute to the implementation of the directives of our wise leadership in support of the country’s economic growth and diversification “.
This contract supports ADNOC’s efforts to achieve the goal of increasing crude oil production capacity to 5 million barrels per day by 2030 and achieving gas self-sufficiency for the UAE. ADNOC Drilling’s high competitiveness, comprehensive capabilities and global technical experience have contributed to a significant increase in the operational efficiency of ADNOC’s offshore operations.
Interestingly, ADNOC Drilling has managed, since it announced the provision of integrated drilling services in 2018, to save over 917.5 million dirhams (250 million US dollars) to its customers through the completion of the drilling operations. and the construction and preparation of wells efficiently.
Dina Omar / Ahmed Al Nuaimi
