The Abu Dhabi National Oil Company (ADNOC) has invested $763.7 million in integrated rigless services across six of its artificial islands to support its production capacity expansion to 5 million barrels per day (mmbbl/d) by 2030, according to a statement.
The investment is divided across three contracts awarded by ADNOC Offshore over a five years period to Schlumberger, ADNOC Drilling, and Halliburton. Schlumberger’s share of the award is valued at $381.18 million; ADNOC Drilling’s is valued at $228.71 million, and Halliburton’s share is valued at $153.87 million.
The six artificial islands covered by the awards are Asseifiya, Ettouk, Al Ghallan, Umm Al Anbar in the Upper Zakum field, and Al Qatia and Bu Sikeen in the Satah Al Razboot (SARB) field.
The contracts entail providing 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.
ADNOC Upstream Executive Director, Yaser Saeed Almazrouei, said “these important awards for integrated rigless services will drive efficiencies of drilling and related services, and optimize costs in our Offshore operations as we ramp up our drilling activities to increase our production capacity and enable gas self-sufficiency for the UAE.”
“These contracts are an important contributor to ADNOC Offshore’s plans to build our production capacity to over 2 million barrels a day in the coming years to support the ADNOC Group’s smart growth strategy,” Ahmad Saqer Al-Suwaidi, CEO of ADNOC Offshore, added.
Over 80% of the total award value will go back to the UAE economy under ADNOC’s In-Country Value (ICV) program.