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UAE-based Adnoc Drilling has been awarded a $1.63bn contract from state-owned Abu Dhabi National Oil Company (ADNOC).
The five-year deal will see the largest national drilling company in the Middle East by rig fleet size provide integrated drilling services for ADNOC Offshore.
“This five-year award is a strong reflection of ADNOC Drilling’s long-term contracting model, which provides revenue visibility and stability over the contract period,” said Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO.
The contract covers directional drilling, drilling fluids, cementing, wireline logging and tubular running services.
The company said the latest award bolsters its position within Adnoc Group and as the region’s leading provider of advanced, integrated energy services.
The post Adnoc Drilling lands $1.63bn contract appeared first on Energy News Beat.
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