ADNOC Awards $4B Worth of Integrated Drilling Fluids Services

Tuesday, November 1, 2022

Abu Dhabi National Oil Company (ADNOC) on Tuesday announced the award of three framework agreements valued at $4 billion (AED14.68 billion) for integrated drilling fluids services (IDFS) to support the ongoing expansion of its "lower cost and lower-carbon intensive" production capacity as it responds to growing global demand for energy.

The awards, which ADNOC says are the largest of their kind in the industry, were awarded to ADNOC Drilling Company P.J.S.C (ADNOC Drilling), Schlumberger Middle East S.A. (SLB) and Halliburton Worldwide Limited Abu Dhabi (Halliburton). They cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.

"Over 80% of the award value could flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) program over the duration of the agreements. Furthermore, the contractors will create job opportunities for UAE Nationals and invest in local manufacturing of equipment and chemicals required for the IDFS," ADNOC said.

According to ADNOC, the framework agreements will enable investment in local manufacturing of equipment and facilities, including in Liquid Mud Plants and a Waste Management Facility, as well as key commodity chemicals, ADNOC said.

ADNOC Drilling’s scope of the framework agreements is valued at up to $1.6 billion (AED5.87 billion). 

Since November 2021, ADNOC has awarded over $16 billion (AED 58.72 billion) in agreements for drilling-related equipment and services, including these awards and other agreements for wellheads, downhole completion equipment, liner hangers, cementing service, wireline logging, directional drilling and logging while drilling. 

"IDFS are necessary to drill the wells that will enable ADNOC expand its oil production capacity and drive gas self-sufficiency for the UAE. Some of these services include provision of products, engineering, technical laboratory support, filtration equipment and solid control equipment," ADNOC said.

Categories: Energy Middle East Drilling Industry News Activity Oilfield Services

Related Stories

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

SLB Names Raman CSO, CMO

Eco Wave Finds Partner for Wave Energy Project in India

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy Closing in on Jack-Up Deal for Chuditch-2 Appraisal Well

Harbour Energy, Mubadala Sign Deals for Central Andaman Block Off Indonesia

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com