Page 12 - MEOG Week 08 2022

MEOG TENDERS MEOG

ADNOC issues more

contracts for field services

UAE ABU Dhabi National Oil Co. (ADNOC) has Services and Al Ahlia Oilfields Development Co.
continued its recent spate of oilfield services which will run for up to five years.
awards, signing framework agreements worth The awards follow the November announce-
$1.94bn to “enable drilling growth”. ment that ADNOC would invest up to $6bn
A company press release said that the deals in drilling equipment, making procurement
for wireline logging and perforation services awards to contractors for well completion
were signed with the local subsidiaries of equipment, with local subsidiaries and agents of
Schlumberger, Halliburton and Weatherford as Baker Hughes, Schlumberger, TechnipFMC and
well as with its own drilling arm ADNOC Drill- Weatherford among the winners.
ing following a competitive tender process. Of the total investment, around $1.6bn worth
The framework agreements cover ADNOC’s of equipment will be manufactured in the UAE
on- and offshore fields and will run for five years and nearly 60% of the total is seen flowing back
with an option to extend by another two years. into the Emirati economy during the contracts’
It said the awards support the company’s duration – an important factor in ADNOC’s
“requirement to drill thousands of new wells to In-Country Value (ICV) programme.
expand its production capacity” to 5mn barrels ADNOC will spend up to $3.27bn on the
per day by 2030. Middle East Oil & Gas (MEOG) procurement of wellheads and related compo-
understands that current capacity is around nents, with Gulf Automation Services & Oilfield
4.2mn bpd. Supplies (GASOS) and Al Ghaith Oilfield Sup-
ADNOC said that its award to ADNOC plies & Services Co., the Emirati agents for Tech-
Drilling was the largest of the deals and it cov- nipFMC and Baker Hughes respectively, taking a
ers cased services including hole and open hole 50:50 split of the 10-year contract award.
as well as perforation, reflecting “the company’s A further $2.34bn has been earmarked for
expanded service profile as a result of its trans- downhole completion equipment (DCE) with
formation into a fully integrated drilling services five-year contracts to Schlumberger Middle
(IDS) company following the award to Baker East and Weatherford Bin Hamoodah valued at
Hughes of a 5% share in the company in 2018”. up to $1.41bn and $931mn each, with options to
ADNOC Drilling is the largest driller in the extend for a further two years.
region and has a fleet of 107 rigs, 96 of which are $337mn worth of similar five-plus-two-year
owned, and 11 rigs rented. These comprise 75 contracts were awarded to Weatherford Bin
onshore rigs, 20 offshore jack-up rigs, 11 island Hamoodah and Baker Hughes agent Uni-Arab
rigs and a self-propelled barge. Engineering & Oilfield Service for liner hangers
Early this month, ADNOC Onshore awarded and cementing accessories and to local agents of
well testing contracts worth $169mn to NESR Downhole Products, NeOz Energy and Sledge-
Energy Services, Al-Mansoori Production hammer for cementing accessories.™

P12 www. NEWSBASE .com Week 08 23•February•2022