ADNOC
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The $3.8-billion campaign will result in the delivery of power and decarbonization of ADNOC’s offshore production operations. -
ADNOC awarded a new round of contracts to international service companies, intending to apply directional drilling and LWD to boost production by getting a better assessment of its reservoirs.
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Fast-track development options are currently under review for the discovery.
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The new finds could add more than 600 million BOE of gross crude reserves.
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ADNOC aims to shift $19 billion in procurement contracts to local manufacturers to grow the UAE economy and attract new investment.
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The new, larger vessels are all part of the UAE’s ambitious LNG expansion plans, which also include a new plant in Fujairah.
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Gas discovery the first from nation’s offshore exploration concessions.
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Gazprom Neft and a cloud computing joint venture involving Abu Dhabi National Oil Company have signed an agreement to commercialize jointly developed digital solutions in Russia and the Middle East.
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Energy giant also forms venture with GE to reduce emissions from gas turbines.
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The plan includes the development and operation of a first-of-its-kind high-voltage, direct-current (HVDC-VSC) subsea transmission system in the Middle East and North Africa region.
