Abu Dhabi National Oil Co. (ADNOC) has let two 15-year contracts totaling more than $3.4 billion to ADNOC Drilling to hire eight jack-up offshore rigs. The contracts, valued at $1.5 billion and $1.9 billion respectively, awarded by ADNOC Offshore, will support expansion of ADNOC’s crude oil production capacity to 5 million b/d by 2030 and enable gas self-sufficiency for the UAE, the company said in an early August release.
The jack-up rigs will be hired along with manpower and equipment to support drilling operations across ADNOC’s offshore fields, which account for about half of ADNOC’s production capacity, the company said.
ADNOC recently awarded ADNOC Drilling two further substantial contracts totaling $2 billion for integrated drilling services and the provision of Island Drilling Units at its Hail and Ghasha gas development projects (OGJ Online, July 27, 2022).