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Industry News » Adnoc Drilling lands $2bn contracts for giant gas development

Adnoc Drilling has won two sizeable contracts worth more than $2 billion from state-owned giant Abu Dhabi National Oil Company (Adnoc) for work on the emirate’s ambitious Hail and Ghasha sour gas development.


The awards include a $1.3 billion contract for integrated drilling services and fluids, and a $711 million contract for the provision of four island drilling units.


In addition, Adnoc awarded a third contract, valued at $681 million, to one of its group companies —Adnoc Logistics & Services - for the provision of offshore logistics and marine support services.


“Overall, more than 80% of the value of the awards will flow back into the UAE’s economy under Adnoc’s successful in-country value (ICV) programme and all three of the contracts will cover the Hail and Ghasha drilling campaign for a maximum of 10 years,” the company said.


    

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