UAE: Adnoc Drilling receives USD3.8B deal| MENAFN.COM

Monday, 03 October 2022 08:52 GMT

UAE: Adnoc Drilling receives USD3.8B deal


(MENAFN) On Thursday, December 9 Adnoc Drilling, which is the biggest firm in the Middle East by personnel size, confirmed to sign a deal with Adnoc Onshore that lasts for 5 years to go on with drilling, workover and various facilities.

Adnoc’s drilling sub-company mentioned the freshly signed deal aims to achieve quality in work staff, rig move time and schedules for repairs.

Abdulrahman Abdullah Al Seiari, chief executive of Adnoc Drilling, noted in a report to the Abu Dhabi Securities Exchange, where the firm’s stakes trade: “Adnoc Onshore is a valued and long-standing customer and this contract award further extends a 50-year profitable and unique partnership.”

He 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 digitalization are at the heart of this agreement, as Adnoc Drilling continues to improve efficiencies, drive further growth opportunities, while minimizing our environmental footprint.”

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