The Abu Dhabi National Oil Company (ADNOC) announced in a statement that it has awarded contracts to maximize drilling performance across its Onshore operations.
The Combined value of the contracts is AED 606 million (USD 165 million).
The ADNOC Onshore issued contract, which consists of four packages, was awarded to following contractors:
- Weatherford Bin Hamoodah Company LLC,
- Bj Services Company Middle East,
- Al Masaood Oil Industry Supplier and Services Company WLL,
- International Tubular Services Middle East WLL.
Onshore Operations includes automated catwalk, bucking units and Casing Running Tool (CRT) units which enhance and optimize the casing running operations performed during the well construction process.
The CRT/ACW/Bucking units will reduce the number of rig days required to drill a well by an estimated three days – a further demonstration of how we are optimizing costs and improving performance to maintain our position as a leading low-cost energy producer.
Over 60% of the investment will flow back into the UAE economy under our ICV program, supporting local economic growth.
The CRT/ACW/Bucking units will also contribute to improved operational safety through the automation of manual processes and integrated safety systems, statement said.
Read Also: UAE’s ADNOC awards $744m Belbazem Offshore Block contract to NPCC
