ADNOC Drilling has signed a 5-year deal with Abu Dhabi’s clean energy pioneer Masdar to develop, invest, and advance energy transition globally and in the UAE.
Under the scope of the deal, Masdar will work with ADNOC Drilling on geothermal energy projects. The companies will evaluate the potential for ADNOC Drilling to provide geothermal drilling services.
As part of the deal, ADNOC Drilling will operate as technical expert and advisor to support Masdar’s deployment of geothermal energy around the world. The two will jointly evaluate the potential for ADNOC Drilling to provide geothermal drilling services.
“Geothermal energy has enormous global potential and energy developers are challenged to ensure smart and innovative ways to deliver cost-effective wells,” said Abdulrahman Abdulla Al Seari, CEO of ADNOC Drilling. “Our integrated drilling services offering can bring advanced, efficient start-to-finish drilling and completion technologies to enable Masdar the potential to generate clean geothermal energy to cool thousands of homes and office buildings.”
