Adnoc aims to increase its crude oil production capacity to 5MMbpd by 2030. Credit: Abu Dhabi National Oil Company.

Abu Dhabi National Oil Company (Adnoc) has awarded framework agreements worth $1.94bn (AED7.1bn) in total, for wireline logging and perforation services.

The framework agreements have been awarded to Schlumberger Middle East, Adnoc Drilling, Haliburton Worldwide Limited Abu Dhabi, and the Weatherford Bin Hamoodah Company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The awards form part of Adnoc’s plan to enable drilling growth while contributing to its aim of increasing its crude oil production capacity to five million barrels per day (MMbpd) by 2030.

Adnoc Drilling will be responsible for delivering covers services, including cased hole and open hole, as well as perforation.

Adnoc managing director and group CEO and UAE Minister of Industry and Advanced Technology Dr Sultan Ahmed Al Jaber said: “The framework agreements announced today are a continuation of ADNOC’s unprecedented investment in services to enable the expansion of drilling activity required to responsibly unlock the UAE’s leading low-cost and low-carbon intensity oil, as well as the nation’s gas resources.

“Not only do these awards support our 2030 strategy, they are expected to deliver over 80% of in-country value to the UAE, and align with the UAE’s ‘Principles of the 50’ economic blueprint for sustainable growth.”

The framework agreement awards, which will run for five years, cover Adnoc’s onshore and offshore oil and gas fields. It will also include an option for a two-year extension.

Adnoc said that the framework agreement awards will support its requirement to drill thousands of new wells as part of its production capacity expansion plan.

In November 2021, ADNOC awarded contracts worth approximately $6bn (AED22bn) for well heads and related components, downhole completion equipment, and related services, as well as liner hangers and cementing accessories.

The five-year awards have an option to be extend for two additional years.