Categories: Business

ADNOC awards three contracts worth $4bn to achieve 2030 production targets


Wed, 2022-11-02 12:59

RIYADH: Abu Dhabi National Oil Co., known as ADNOC, has awarded three contracts worth $4 billion as it eyes reaching a production capacity of 5 million barrels a day by 2030, along with reducing carbon emissions.

According to a press statement, the contracts were won by ADNOC Drilling, US-based oilfield services providers Schlumberger NV and Halliburton Co.

The agreements will cover ADNOC’s onshore and offshore operations, and will run for five years, with an option for a further two years.

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