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  • 11-12-21

    Adnoc Drilling signs USD3.8B agreement for continuous supplying of drilling

    (MENAFN) On Thursday, the firm stated that Adnoc Drilling, the biggest regional drilling firm in the Middle East by rig fleet volume, signed a USD3.8 billion agreement for five years with Adnoc Onshore for the continuous supplying of drilling, workover as well as other good facilities.

    The drilling branch of Adnoc stated that the newly presented agreement is going to push productivity in work teams, rig move time and maintenance planning.

    According to chief executive of Adnoc Drilling, Abdulrahman Abdullah Al Seiari statement to the Abu Dhabi Securities Exchange, where the firm's stocks are traded, “Adnoc Onshore is a valued and long-standing customer and this contract award further extends a 50-year profitable and unique partnership."

    And added, "we will continue to drive value for Adnoc and the UAE, delivering on the 2030 strategic production capacity and gas self-sufficiency targets. Advanced technologies and digitalisation are at the heart of this agreement, as Adnoc Drilling continues to improve efficiencies, drive further growth opportunities, while minimising our environmental footprint.”

    MENAFN11122021000045013568ID1103341866

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