Abu Dhabi National Oil Co. (ADNOC) let a contract for two jack up offshore rigs and associated manpower and equipment to ADNOC Drilling.
The contract is worth $980 million and brings the total value of awards from ADNOC Offshore to ADNOC Drilling in 2022 to $5.95 billion. In October, ADNOC Drilling was awarded a contract worth $1.53 billion for the provision of jack up and island rigs and associated integrated drilling services. This followed two awards in August worth $3.43 billion to hire eight jack up rigs (OGJ Online, Oct. 11, 2022, OGJ Online, Aug. 9, 2022).
The awards help support the expansion of ADNOC’s crude oil production capacity to 5 million b/d by 2030 and gas self-sufficiency for the UAE, the company said.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).