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Adnoc announced the award of five framework agreements valued at $1.83 billion for Directional Drilling and Logging While Drilling (LWD) to support its efforts to expand production capacity of its low carbon oil and gas resources to help meet the world’s growing demand for energy.  The framework agreements are the largest of such awards in the oil and gas industry.  The awards cover Adnoc’s onshore and offshore fields and will run for five years with an option for a further two years.  Ahmed Mohammed Belajer Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy, said: “A vibrant low carbon hydrogen production and consumption industry will place Abu Dhabi and the UAE at the global forefront of countries producing green energy.”

Adnoc inks $1.83 billion deals for drilling-related services

Adnoc announced the award of five framework agreements valued at $1.83 billion for Directional Drilling and Logging While Drilling (LWD) to support its efforts to expand production capacity of its low carbon oil and gas resources to help meet the world’s growing demand for energy.  The framework agreements are the largest of such awards in the oil and gas industry.  The awards cover Adnoc’s onshore and offshore fields and will run for five years with an option for a further two years.  Ahmed Mohammed Belajer Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy, said: “A vibrant low carbon hydrogen production and consumption industry will place Abu Dhabi and the UAE at the global forefront of countries producing green energy.”

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