ADNOC
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A leaner and wiser Weatherford seeks new Middle East contracts while growing margins and market share on existing business. -
ADNOC is hiring more jackup drilling rigs to boost offshore production of its more carbon-friendly brand of crude.
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The $3.8-billion campaign will result in the delivery of power and decarbonization of ADNOC’s offshore production operations.
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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.
