Abu Dhabi National Oil Company (Adnoc) said its key drilling unit has awarded a framework contract worth $1.6 billion for integrated drilling fluids services to support the expansion of its lower-cost and lower-carbon intensive production capacity.
(WO) ADNOC Drilling Company PJSC has confirmed the award of a five-year framework agreement valued at up to $1.6 billion for integrated drilling fluids services (IDFS) to support the expansion of ADNOC’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy.
Excellent half year results and successful strategic execution are testament to the vital role that the company is playing in enabling significant production capacit.