ADNOC awards more than $763 million in contracts

July 14, 2021
ADNOC Offshore has contracted Schlumberger, ADNOC Drilling, and Halliburton to provide integrated rigless services across six of its artificial islands in the Upper Zakum and SARB fields.

Offshore staff

ABU DHABI, UAE – ADNOC Offshore has contracted Schlumberger, ADNOC Drilling, and Halliburton to provide integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields.

The five-year contracts are valued at $763.7 million. Schlumberger’s share is valued at $381.18 million; ADNOC Drilling’s share is valued at $228.71 million; and Halliburton’s share is valued at $153.87 million.

According to ADNOC, more than 80% of the total award value will flow back into the UAE’s economy under the company’s In-Country Value program.

The work scope includes coiled tubing services with thru-tubing downhole tools, stimulation services including equipment and chemicals/fluid systems, surface well testing services, wireline, and production logging services and tools, saturation monitoring, and well integrity.

The six artificial islands covered by the awards are Asseifiya, Ettouk, Al Ghallan, and Umm Al Anbar in the Upper Zakum field and Al Qatia and Bu Sikeen in the SARB field.

The company said these contracts support its production capacity expansion to 5 MMb/d by 2030.

07/14/2021