ADNOC awards $3.8 billion drilling contract

ADNOC Offshore let a contract to ADNOC Drilling Co. for the continued provision of drilling, workover, and other well services.

The contract will run for up to 5 years, for a total value of $3.8 billion, the service provider said in a release Dec. 9.

ADNOC Drilling is the only provider of fully Integrated Drilling Services in the UAE and since 2018 and is the largest national drilling company in the Middle East by rig fleet size, with 96 owned rigs, as well as the sole provider of drilling rig hire services and certain associated rig-related services to ADNOC Group.

ADNOC continues to move towards its oil production capacity target of 5 million b/d by 2030 (OGJ Online, Nov. 5, 2018).