ADNOC awards cementing services contracts worth US$658 million
Published by Nicholas Woodroof,
The framework agreements were awarded to Haliburton Worldwide Limited Abu Dhabi (Halliburton), Baker Middle East (Baker), Emirates Western Oil Well Drilling & Maintenance Co. (Emirates Western), NESR Energy Services (NESR) and Emjel Oil Field Services (Emjel).
The awards cover ADNOC’s onshore and offshore fields and will run for 5 years with an option for a further 2 years.
The award for cementing services takes the total value of ADNOC’s drilling-related framework agreements and procurement awards since November 2021 to over US$8.5 billion. These awards will support ADNOC’s requirement to drill thousands of new wells as it increases its crude oil production capacity to 5 million bpd by 2030.
Yaser Saeed Almazrouei, ADNOC Upstream Executive Director, said: “The awards for cementing services will support the ongoing expansion of ADNOC’s drilling activities as we grow our production capacity, strengthening our position as a reliable global supplier of some of the world’s most carbon efficient barrels. In line with the UAE Leadership’s wise directives and as part of our strategy, we are prioritizing in-country value and these awards will enable careers for UAE Nationals and new opportunities for the private sector, directly supporting the objectives of the UAE’s Principles of the 50.”
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17032022/adnoc-awards-cementing-services-contracts-worth-us658-million/
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