Abu Dhabi National Oil Company (ADNOC) announced Thursday a $1.17 billion contract to hire 13 self-propelled jack-up barges. According to the company, the contracts are aimed at driving offshore operational efficiencies and supporting the expansion of its crude oil production capacity to 5 MMbbl/d by 2030.
The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S).
According to a press release, the 13 self-propelled jack-up barges are multi-purpose assets that enable rig-less operations and maintenance with single point responsibility provided by ADNOC L&S, enabling enhanced efficiencies. The barges, which will be deployed across ADNOC’s offshore fields, are equipped to support a wide scope of operations, including project work, maintainance and accommodation.
“This significant award to ADNOC Logistics & Services will help deliver our production capacity expansion in the offshore..,” said Ahmad Saqer Al Suwaidi, ADNOC Offshore CEO.
He added, “ADNOC L&S have a proven track record in the industry and their best-in-class expertise, together with the ready availability of these self-propelled jack-up barges, will help us drive efficiencies and flexibility while cementing ADNOC’s position as a leading low cost and low carbon energy producer. Critically, the award enables very high ICV, which can stimulate new business opportunities to support the growth and diversification of UAE’s economy in line with the directives of our wise Leadership.”
‘Critical enabler of ADNOC Offshore’s growth’
Commenting on the contract, Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said that the vessels represent an “important opportunity for growth and diversification for ADNOC L&S and will be a critical enabler of ADNOC Offshore’s growth.”
The self-propelled jack-up barges will be hired along with manpower and equipment. The barges will be utilized for rig-less well intervention and pre- and post-drilling operations, as well as for topside maintenance and integrity restoration activities at our offshore assets.
Instead of these services being provided through several discrete, operationally specific contracts, ADNOC said that all requirements have been unified in line with the company’s strategic approach of centralizing procurement and operational logistics management. This provides ADNOC Offshore and its strategic partners with operational flexibility while enabling cost efficiencies and single point responsibility by ADNOC L&S.
Earlier this week, ADNOC awarded its subsidiary ADNOC Drilling two contracts totaling more than $3.4 billion to hire 8 jack-up offshore rigs.