Abu Dhabi Nationwide Oil Firm (ADNOC) has been awarded a contract, price US$980mn to ADNOC Drilling, to rent two jack-up offshore rigs and related manpower and gear
The contract, awarded by ADNOC Offshore, will help the growth of ADNOC’s manufacturing capability because it responds to the rising world demand for decrease carbon depth oil and fuel.
ADNOC Drilling is the most important nationwide drilling firm within the Center East by rig fleet measurement and this award will leverage the corporate’s world-class experience and state-of-the-art rig fleet to additional unlock the UAE’s offshore power assets. Over 80% of the award worth will circulate again into the UAE’s economic system underneath ADNOC’s In-Nation Worth (ICV) programme, supporting native financial progress and diversification.
Yaser Saeed Almazrouei, ADNOC upstream government director, stated, “This award for the rent of jack-up rigs helps our ongoing efforts to responsibly unlock our decrease carbon depth oil and fuel assets, alongside our strategic worldwide companions, and contribute to world power safety. ADNOC Drilling’s world-class capabilities continues to be a key enabler of those efforts. Importantly, this award will even ship vital in-country worth to drive financial progress and diversification, in keeping with the UAE management’s clever directives.”
This award brings the entire worth of awards from ADNOC Offshore to ADNOC Drilling in 2022 to US$5.95bn to maximise worth from Abu Dhabi’s offshore oil and fuel assets. In October, ADNOC Drilling was awarded a contract price US$1.52bn for the supply of jack-up and island rigs and related Built-in Drilling Providers. This adopted two awards in August price US$3.43bn to rent eight jack-up rigs.
ADNOC Offshore is supporting ADNOC’s drive to develop manufacturing capability to 5 million barrels per day by 2030 and allow fuel self-sufficiency for the UAE, and ADNOC Drilling is a essential to delivering on these strategic targets. ADNOC Drilling’s rig fleet spans 105 owned rigs, together with 28 offshore jack-up models, one of many largest operational jack-up fleets on the earth. The corporate’s expansive rig fleet and experience are key drivers in its capacity to win and repair large-scale drilling contracts for purchasers similar to ADNOC Offshore.