ADNOC Drilling has confirmed the award of a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million from ADNOC Offshore commencing in the second quarter of 2023.
ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio. Account to ADNOC Drilling, the application of the services provided by ADNOC Drilling will add to the efficiency of production at the project, deliver significant cost savings, and contribute to ADNOC’s plans to responsibly accelerate production capacity growth as global demand for energy continues to increase
Abdulrahman Abdullah Al Seiari, CEO of ADNOC Drilling, commented: “We are very pleased to have been awarded this important contract, which will contribute to the effective development of the Upper Zakum field and enable ADNOC to realize accelerated production capacity targets to responsibly supply energy to a world which sees continuously rising demand.
Previous IDS contract awards in 2022 include a $1.3 billion award for the Ghasha Mega-project, $1.6 billion award for integrated drilling fluid services and a $777 million award for wireline and perforation services.
