"ADNOC for drilling" You get a contract worth 2.94 billion dirhams to provide oil field services
Abu Dhabi, June 30 / WAM / ADNOC Drilling Company announced today that it has obtained a contract from ADNOC Wilding Company with a total value of 2.94 billion dirhams to provide integrated hydraulic fracture services in traditional and narrow reservoirs.
It is scheduled to enter the five -year contract agreement, in effect in the third quarter of 2025, in an important step that contributes to the consolidation of the “ADNOC Drilling” position as a leading company in the field of integrated energy -backed energy services.
This contract reinforces the leadership of “ADNOC Drilling” in the field of high -tech oil fields services, through the integration of the next generation technology, artificial intelligence and smart analysis tools in an actual time, raising the company’s operating capabilities and supports achieving more intelligent, safe and sustainable results in the energy sector.
Abdullah Attieh Al -Musabi, CEO of ADNOC Drilling Company, said that the establishment of the contract confirms the depth of our partnership with ADNOC wildlife and the great confidence in the capabilities of ‘ADNOC for drilling’, especially by its ability to provide high -impact and technical developed operations that actively contribute to achieving the maximum possible benefit from the energy capabilities in the UAE.
He added that, while continuing to enhance our efforts aimed at achieving a qualitative shift in our business, we are pleased to contribute to implementing the strategic goals of the state in the energy sector, and consolidating our position as a leading company in the field of integrated drilling services and solutions to complete oil and gas wells.
“The scope of the contract supports the strategic goal of” ADNOC “of accelerating the development of traditional and narrow reservoirs throughout the UAE, and includes the design, implementation and evaluation of the multi -stage hydraulic fractures that will be applied to a wide range of reservoirs in Abu Dhabi, knowing that cracking services are used in traditional and narrow reservations, to enhance the flow of oil or gas through the natural paths used, and increase production By improving flow rates. ”
He explained that in the context of its commitment to innovation and the adoption of the latest technical solutions, ADNOC will use advanced technology in all stages of the project, with the aim of raising operational efficiency and enhancing excellence in performance. These technologies include the use of a simulation program specializing in cracking operations, allowing improving each stage of operation, which contributes to increasing flow rates and enhancing the total extraction of hydrocarbons.
The financial impact of this contract emphasizes the company’s directives for the year 2025 and revenue directions for the year 2026, as the contract will provide a strong basis for growth and profits in the year 2027 and beyond exceeding the current company’s expectations.
The value of the revenues that will return to “ADNOC for drilling” according to the customer estimates is 2.94 billion dirhams, while the value of the actual revenues is determined based on the size of the required services and the dates of their delivery.
This contract is the fifth that the company gets within just two months from the “ADNOC Marine” company, and includes a contract worth 5.99 billion dirhams for a period of five years for integrated drilling services, a contract worth 2.97 billion dirhams for three island drilling platforms, and a contract worth 4.22 billion dirhams for 15 years for marine excavations, in addition to 1.47 billion dirhams that are late for the acquisitions of ADNOC Drilling Company in Oman and Kuwait.
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