UAE In-Focus — ADNOC awards $1.53bn contract to expand offshore oil operations to 5m bpd

by gulftimes


Mon, 2022-10-10 15:10

DUBAI: Abu Dhabi National Oil Co. has awarded its subsidiary ADNOC Drilling a 5.62 billion dirhams ($1.53 billion) contract to expand its offshore operations to produce five million barrels per day by 2030 , according to Emirates News Agency WAM.

This two-year contract covers the provision of 12 jack-up rigs and two island rigs, and integrated drilling services, and will also allow the company to become self-sufficient in gas production.

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