ADNOC

ADNOC will purchase eight FlexRigs while H&P invests in ADNOC Drilling’s planned public offering.

The contracts will cover concept and other project engineering services for at least the next 5 years.

The introduction of artificial intelligence (AI) cameras on marine vessels is planned to embrace a smarter automated analytic response and reporting culture, which, in turn, is expected to lead to increased safety oversight of critical offshore operations in areas that have been determined to have a lack of physical safety coverage.

With only around 30 installations worldwide, ADNOC’s onshore team has seen enough results from its first “fishbone” stimulation to embark on a 10-well program that will decide a full development scheme.

The UAE produced 4 million B/D this year and is looking to these newly discovered resources to reach 5 million B/D by 2030.

The Abu Dhabi National Oil Company announced that it has completed the first phase of its large-scale multiyear predictive maintenance project, which aims to maximize asset efficiency and integrity across its upstream and downstream operations.

The agreements place most of the LNG volumes through Q1 2022 and continue ADNOC’s expansion into new LNG export markets.

The first delivery of shale gas in the UAE marks a major milestone toward its goal of reaching 1 Bcf/D by 2030. It also signals the expansion of hydraulic fracturing in the UAE’s conventional fields.

Phase 1 covers the modeling and monitoring of assets for six ADNOC Group companies. The four phases of the project are expected to be completed by 2022.

Two contracts awarded for flowlines and wellheads at ADNOC’s Abu Dhabi oil fields are expected to be completed in 5 years. A third contract to develop a bypass system for its Jebel Dhanna and Fujairah terminals is expected to be completed in 30 months.