ADNOC awards drilling contracts to boost capacity

Abu Dhabi

ABU DHABI, July 15, 2021 – Abu Dhabi National Oil Company (ADNOC) has handed out drilling-related contracts worth USD 764 million to boost its production capacity to 5 million bopd by 2050, the company announced on Wednesday.

The contracts were handed out by ADNOC Offshore, ADNOC’s offshore unit, to Schlumberger, Halliburton and ADNOC Drilling. The companies are to provide integrated rigless services in the Upper Zakum and Satah Al Razboot fields.

ADNOC plans to invest USD 122 million until 2025 to ramp up oil production by around 1 million bopd by 2030 from around 4 million bopd.

Previous

Plains, Oryx to consolidate US pipeline networks

Next

Brazil drought threatens Argentine power generation