ADNOC announced today the award of a contract worth $980 million (AED3.6 billion) to its subsidiary ADNOC Drilling to hire two jack-up offshore rigs and associated manpower and equipment.

The contract, awarded by ADNOC Offshore, will support the expansion of ADNOC’s production capacity as it responds to the growing global demand for lower carbon-intensity oil and gas.

Yaser Saeed Almazrouei, ADNOC upstream executive director, said, “This award for the hire of jack-up rigs supports our ongoing efforts to responsibly unlock our lower carbon intensity oil and gas resources alongside our strategic international partners, and contribute to global energy security. ADNOC Drilling’s world-class capabilities remain a key enabler of these efforts. Importantly, this award will also deliver significant in-country value to drive economic growth and diversification, in line with the UAE leadership’s wise directives.”

source : https://www.oilandgasmiddleeast.com/