The agreement aims to enhance crew efficiency, reduce rig transportation time and improve maintenance schedules, which will benefit ADNOC Drilling and ADNOC Onshore. The agreement underscores ADNOC Drilling’s unique position as the exclusive provider of drilling and well preparation services to the ADNOC Group companies and ADNOC Drilling’s ambitious growth and expansion plans.
Abdul Rahman Abdullah Al-Sayari, CEO of ADNOC Drilling, said: “We are proud of our solid and valuable partnership with ADNOC Onshore, and this contract award contributes to strengthening the distinguished partnership that has lasted for 50 years. 2030, represented in increasing its production capacity of crude oil and contributing to achieving gas self-sufficiency for the UAE. The adoption of modern technology and digital transformation are among the most important pillars of this agreement, as ADNOC Drilling continues to improve efficiency, stimulate growth opportunities and reduce the environmental footprint of its operations.”
Following the listing of a share of its shares on the Abu Dhabi Securities Exchange last October 3, ADNOC Drilling announced its profits on November 10, 2021, as it recorded strong growth in the third quarter and the first nine months of this year. ADNOC Drilling’s growth and development plan includes the expansion of its operations outside the UAE and the continuous development of the services it provides in the field of drilling and preparing oil wells.
ADNOC Drilling is the only national company in the region that provides integrated services for drilling and preparing oil and gas wells. Since 2018, the company has achieved savings of more than $250 million by delivering a number of wells to its customers.
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