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Emirates News Agency - ADNOC awards $1.94 billion framework agreements to enable drilling growth

ABU DHABI, 17th February, 2022 (WAM) Abu Dhabi National Oil Company (ADNOC) Thursday announced framework agreement awards valued at $1.94 billion (AED 7.1 billion) to enable drilling growth. The awards build on ADNOC’s recent record investments in drilling-related equipment and services and support its strategy to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drive gas self-sufficiency for the UAE.
The framework agreements for wireline logging and perforation services are the largest of such awards in the. ....

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