Page 10 - MEOG Week 33 2022

MEOG PROJECTS & COMPANIES MEOG

ADNOC affiliate picks up more support work

UAE ABU Dhabi National Oil Co.’s (ADNOC) Logis- offshore assets”. Further detail was provided on
tics & Services arm was this week awarded a the procurement process, with ADNOC noting
$1.17bn deal to provide barges to support the that “instead of these services being provided
parent firm’s upstream expansion. through several discrete, operationally specific
The award will see ADNOC L&S lease 13 contracts, all requirements have been unified
self-propelled jack-up barges to ADNOC for a in line with ADNOC’s smart approach of cen-
period of five years, enabling rig-less operations tralising procurement and operational logistics
and maintenance, alongside “manpower and management.”
equipment”. It said this provides ADNOC Offshore with
The announcement follows a multi-bil- “operational flexibility while enabling cost
lion-dollar spate of recent contract awards by the efficiencies and single point responsibility by
state oil giant to its ADNOC L&S and ADNOC ADNOC L&S”.
Drilling subsidiaries as the companies reap the Several weeks ago, ADNOC L&S was
benefits of vertical integration and the develop- awarded a $681mn contract to provide offshore
ment of the UAE’s oilfield services sector. logistics and marine support services for the
Ahmad Saqer Al Suwaidi, CEO of ADNOC Hail and Ghasha sour gas development project
Offshore, said ADNOC L&S has a “proven track in the Ghasha concession.
record in the industry and “the ready availability Meanwhile, ADNOC Drilling has been
of these self-propelled jack-up barges will help awarded contracts worth more than $5.4bn
us drive efficiencies and flexibility while cement- from its parent company in recent weeks, cov-
ing ADNOC’s position as a leading low-cost and ering ADNOC Offshore’s work at Ghasha and
low-carbon energy producer.” oilfield development elsewhere in the Emirate’s
As in other recent contract awards, an offshore.
ADNOC press statement referred to the deal’s ADNOC aims to produce 15.5bn cubic
support for the company’s strategic objective of metres per year of gas from Ghasha as well as oil
raising oil capacity from around 4.2mn barrels and condensate volumes by the end of the dec-
per day at present to 5mn bpd by 2030. ade, with first output anticipated in 2025 and
It added that the barges will be used in “rig- with four artificial islands already completed
less well intervention and pre- and post-drilling and development drilling underway.
operations, as well as for topside maintenance This forms a major part of its gas target of
and integrity restoration activities at our achieving self-sufficiency by 2030.™

P10 www. NEWSBASE .com Week 33 17•August•2022