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Abu Dhabi National Oil Company (ADNOC) has announced a $1.17 billion contract for the hire of 13 self-propelled jack-up barges.  The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services for the multi-purpose assets that enable rig-less operations and maintenance, enabling enhanced efficiencies.  The ADNOC Offshore CEO said that this will help deliver production capacity expansion offshore and directly support ADNOC’s strategic growth objective of 5 mb/d production capacity by 2030

ADNOC aims production growth with $1.17 bn contract

Abu Dhabi National Oil Company (ADNOC) has announced a $1.17 billion contract for the hire of 13 self-propelled jack-up barges.  The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services for the multi-purpose assets that enable rig-less operations and maintenance, enabling enhanced efficiencies.  The ADNOC Offshore CEO said that this will help deliver production capacity expansion offshore and directly support ADNOC’s strategic growth objective of 5 mb/d production capacity by 2030

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