UAE
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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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ADNOC Drilling and ADNOC Logistics & Services have won the newest round of contracts to develop the mega sour-gas project that will expand the UAE’s production of LNG.
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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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Sempra lands partners for a CCS deal in Louisiana, while Shell eyes newbuild ships for CCS transport. An offshore alliance targets floating wind technology, and global hydrogen projects gain momentum in the UAE, Africa, and Brazil.
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The 23-country group is seeking to end its historic supply cuts a month early as oil prices march upwards.
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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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Energy giant also forms venture with GE to reduce emissions from gas turbines.
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The fresh investment will result in the manufacture of new drilling-related equipment to assist the national oil company in boosting production capacity.
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The authors write that simple and straightforward observations on outcrops can be used to build 3D models that mimic geological relationships accurately.