Dubai: ADNOC Drilling has won a $1.63 billion, 5-year deal from another ADNOC Group entity, adding to what has become a busy portfolio of projects in recent years.
The deal will see it provide integrate drilling services to ADNOC Offshore over the period.
The contract covers the ‘provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services’.
The award also ‘incorporates advanced engineering and technical support for the effective delivery of extended reach and maximum reservoir wells offshore’, said a statement.
“This 5-year award is a strong reflection of ADNOC Drilling’s long-term contracting model, which provides revenue visibility and stability over the contract period,” said Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling.
The contract thus supports the company’s expanding oilfield services business. The potential economic impact is ‘already included in the current 2025 and 2026 guidance’.
SRUTHI MATHAA… LAYA PITHAA… The International Chamber for Indian Music & Culture, an international initiative…
By Joseph Maliakan The Viksit Bharat Shiksha Adhishthan ( VBSA) ,Bill 2025 to replace the…
Kochi: A prominent NRI who is known for his corporate finance expertise and association with…
By Joseph Maliakan As a reporter who has witnessed the continuous erosion of academic freedoms…
KOCHI: The significance of the Comprehensive Economic Partnership Agreement (CEPA) as a catalyst to boost…
Kochi: A business seminar aimed at providing exporters and the business community with insights into…
This website uses cookies.