ADNOC has awarded framework agreements for cementing services valued at $658 million (AED 2.4 billion).
Courtesy ADNOC
Offshore staff
ABU DHABI, UAE – ADNOC has awarded framework agreements for cementing services valued at $658 million (AED 2.4 billion) in total as it continues to invest in drilling to expand its crude oil production capacity in the UAE.
Awards were issued to Haliburton Worldwide Limited Abu Dhabi, Baker Middle East (Baker), Emirates Western Oil Well Drilling & Maintenance Co. NESR Energy Services, and Emjel Oil Field Services following a competitive tender process. They cover ADNOC’s offshore and onshore fields and will run for five years with an option to extend by a further two years.
Since last November, ADNOC has allocated over $8.5 billion (AED31.2 billion) to various drilling framework agreements as it seeks to drill thousands of new wells to raise its oil production to 5 MMb/d, also driving gas self-sufficiency for the UAE.
