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  4. ADNOC awards US$1.94 billion in contracts for wireline logging and perforation services

ADNOC awards US$1.94 billion in contracts for wireline logging and perforation services

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Oilfield Technology,

ADNOC has awarded framework agreement awards valued at US$1.94 billion to enable drilling growth. The awards build on ADNOC’s recent record investments in drilling-related equipment and services and support its strategy to boost crude oil production capacity to 5 million bpd by 2030 and drive gas self-sufficiency for the United Arab Emirates (UAE).

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.”


Read the latest issue of Oilfield Technology in full for free: Issue 4 2021

The issue starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.

Exclusive contributions come from Varel Energy Solutions, Rystad Energy, Gyrodata, 3X Engineering, Tracerco, Ulterra Drilling Technologies and more.

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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