The scope of the two-year contract awarded by ADNOC Offshore includes the provision of 12 self-raising rigs and two island rigs, in addition to related integrated drilling services, according to a company statement seen by Iqtisad Sky News Arabia.
As ADNOC Offshore and its international strategic partners continue to work to increase value from 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 position as the largest drilling company in the region in terms of the number of pieces of its rig fleet. To enhance value and increase efficiency while reducing the environmental impacts associated with drilling operations.
More than 80 percent of the contract value will be redirected to the local economy through ADNOC’s In-Country Value (ICV) program, supporting growth and economic diversification in the UAE.
For his part, CEO of ADNOC’s Exploration, Development and Production Department, Yasser Al Mazrouei, said: “Through this contract, ADNOC Offshore will continue to benefit from Abu Dhabi’s offshore energy resources in a responsible manner and support ADNOC’s efforts to increase production capacity from oil to meet the growing global demand for low-emission energy resources.
This contract supports ADNOC’s efforts to achieve the goal of increasing production capacity of crude oil to 5 million barrels per day by 2030 and achieving gas self-sufficiency for the UAE. The high competitiveness, comprehensive capabilities and global technical expertise of ADNOC Drilling contributed to a significant increase in the operational efficiency of ADNOC’s offshore operations.
It is noteworthy that ADNOC Drilling has succeeded, since it announced the provision of integrated drilling services in 2018, in saving more than 917.5 million dirhams (about 250 million dollars) to its customers, through the completion of integrated drilling operations and the construction and preparation of wells efficiently.
ADNOC is a leading diversified energy and petrochemical group wholly owned by the Emirate of Abu Dhabi. ADNOC aims to maximize the value of the emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support economic growth and diversification in the UAE.
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