The Abu Dhabi National Petroleum Company (ADNOC) said that ADNOC Drilling won a contract worth 5.62 billion dirhams, equivalent to 1.53 billion dollars.
ADNOC explained that the contract supports the expansion of the company's operations in offshore areas and achieves the goal of increasing production capacity to meet the growing global demand for reliable and low-emissions energy sources, WAM said.
The scope of the two-year contract awarded by ADNOC Offshore includes the provision of 12 self-propelled rigs and two island rigs, as well as related integrated drilling services.
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 to provide integrated drilling services and its position as the largest drilling company in the region in terms of the number of parts for its rig fleet, to enhance value and raise efficiency. While 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.
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.
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 (250 million dollars) to its customers, through the completion of integrated drilling operations and the construction and preparation of wells efficiently.
