ADNOC awards US$1.94 billion in contracts for wireline logging and perforation services
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The framework agreements for wireline logging and perforation services are the largest of such awards in the oil and gas industry and were awarded to ADNOC Drilling Company P.J.S.C (ADNOC Drilling), Schlumberger Middle East S.A (Schlumberger), Haliburton Worldwide Limited Abu Dhabi (Halliburton) and Weatherford Bin Hamoodah Company LLC (Weatherford), following a competitive tender process. Wireline logging involves continuously measuring the properties of rock formations to guide drilling operations while perforation creates tunnels in the wellbore to allow fluid to flow in from the reservoir.
The framework agreement awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.
ADNOC Drilling’s share of the awards is the largest and it covers services including cased hole and open hole as well as perforation.
Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: “The framework agreements announced today are a continuation of ADNOC’s unprecedented investment in services to enable the expansion of drilling activity required to responsibly unlock the UAE’s leading low-cost and low-carbon intensity oil as well as the nation’s gas resources. Not only do these awards support our 2030 strategy, they are expected to deliver over 80% of In-Country Value to the UAE and align with the UAE’s ‘Principles of the 50’ economic blueprint for sustainable growth.”
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17022022/adnoc-awards-us194-billion-in-contracts-for-wireline-logging-and-perforation-services/
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