Business

ADNOC has signed a $1.17 billion contract for jack-up barges

In order to drive offshore operational efficiency and expand crude oil production capacity to five million barrels per day (mmbpd) by 2030, Abu Dhabi National Oil Company (ADNOC) has agreed to pay $1.17 billion (AED4.3 billion) for the hiring of 13 self-propelled jack-up barges. The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S) and highlights ADNOC’s world-class capabilities.

ADNOC has signed a $1.17 billion contract for jack-up barges
Photo for illustrative purposes only

Under ADNOC’s In-Country Value (ICV) programme, 80 percent of the award value will flow back into the UAE’s economy. With ADNOC L&S’s single-point responsibility, the 13 self-propelled jack-up barges enable rig-less operations and maintenance, enabling enhanced efficiency. Designed to support a wide range of operations, including project work, maintenance, and accommodation, the barges will be deployed across ADNOC’s offshore fields.

Related posts

Kenya targets 150,000 tonnes of coffee with new varieties

qatarinformer.com

Africa is primed to become a global leader in green hydrogen

qatarinformer.com

Binance NFT announces halt on bitcoin NFT support

qatarinformer.com

Los Angeles port sees record imports ahead of tariff hikes

qatarinformer.com

Wall Street braces for earnings as global risks mount

qatarinformer.com

Japan’s Nikkei 225 clears 72,000 in record Tokyo rally

qatarinformer.com