Oilfield services groups sign investment agreements in the UAE
June 23, 2022
ADNOC has signed agreements for local manufacturing opportunities worth $5.7 billion with UAE and international companies.
Courtesy ADNOC
Offshore staff
ABU DHABI, UAE— ADNOC has signed agreements for local manufacturing opportunities worth $5.7 billion with UAE and international companies at the Make it in the Emirates Forum in Abu Dhabi. The companies will establish or expand local manufacturing facilities and investigate with ADNOC the potential for new investments in local manufacturing.
ADNOC signed framework agreements with Schlumberger and Independent Technical Services on local manufacture and assembly of electric submersible pumps and their components; a strategic collaboration agreement with MaxTube Saje for local manufacturing of glass reinforced epoxy (GRE) lining of various metallic tubular products, including production tubing; a strategic collaboration agreement with NOV-Tuboscope on the localization of GRE-lined production tubing; and a strategic collaboration agreement with Soluforce creating a local manufacturing facility for reinforced thermoplastic pipes and non-metallic solutions.
