ADNOC has awarded a $1.17B contract for the hire of 13 self-propelled jack-up barges to help expand its crude oil production capacity to 5 million barrels .
The five-year contract was awarded by Adnoc Offshore to Adnoc Logistics and Services (Adnoc L&S) and underpins the world-class capabilities within Adnoc’s group comp.
- ADNOC Announces $1 17 Billion Contract euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
ABU DHABI, 11th August, 2022 (WAM) Abu Dhabi National Oil Company (ADNOC) announced today a $1.17 billion (AED4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030.
The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S) and underpins the world-class capabilities within ADNOC's group companies.
Over 80 percent of the award value will.