Turnwell has been established as the unconventional drilling arm of ADNOC Drilling and is tasked with executing a $1.7bn (Dh6.24bn) contract. Credit: T. Schneider/Shutterstock.

ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has established a JV named Turnwell with SLB and Patterson-UTI to expedite the development of unconventional oil and gas resources in the United Arab Emirates (UAE).  

Turnwell is set to complete an initial 144 wells by the end of 2025, with ADNOC Drilling holding a 55% majority stake in the JV. 

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The creation of Turnwell is concurrent with the acceleration of ADNOC Drilling’s unconventional oil and gas well programme.  

The JV will utilise advanced technologies including AI, smart drilling design and production solutions to enhance the unconventional oil and gas programme in the UAE. 

With a 30% stake, SLB will contribute to the JV by providing integrated drilling, stimulation and completion services, along with project management, digital capabilities and subsurface support.  

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Patterson-UTI will hold a 15% equity stake, complementing the expertise brought in by SLB and ADNOC Drilling. 

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Turnwell has been established as the unconventional drilling arm of ADNOC Drilling and is tasked with executing a $1.7bn contract.  

This contract, awarded to ADNOC Drilling, aims to deliver 144 unconventional oil and gas wells, with the JV’s start-up and operational delivery leading to an expedited completion timeline. 

The potential acceleration of a second phase, involving thousands of wells, is also on the horizon.  

Turnwell has adopted batch drilling to meet the accelerated timeline, a method known for improving efficiency and reducing costs. 

ADNOC Drilling CEO Abdulrahman Abdulla Al Seiari said: “Today marks a defining moment for Turnwell and our key partners SLB and Patterson UTI. The acceleration of the well programme is a testament to the innovation, collaboration and pursuit of excellence that will define our joint venture.  

“Turnwell will not only unlock the immense potential of the UAE’s world-class unconventional energy resources but will also set new benchmarks for the global energy industry. We are proud to lead the way in responsibly shaping the future of energy, both in the UAE and beyond.” 

In a separate development, the Wall Street Journal has reported that ADNOC is on the verge of announcing a deal exceeding $13bn for Germany’s Covestro, pending any unforeseen complications.