Adnoc Drilling secures USD 733 mn contract: Abu Dhabi National Company (Adnoc) Offshore handed Adnoc Drilling a USD 733 mn contract to operate and drill three new island rigs at the offshore Zakum field, in partnership with Hong Kong-based Honghua Group (HH), according to a company statement (pdf). The rigs, which will be constructed by HH, will operate on existing and newly built artificial islands, and will expand Adnoc Drilling’s fleet to 148 by 2026.

The details: The rigs, which will cost some USD 210 mn to acquire, are set for delivery and operation in 2026. HH and Adnoc Drilling will also work with Adnoc’s AI venture with G42, AIQ, to integrate AI and performance data into the rigs’ operations.

Adnoc has been ramping up drilling operations recently: The oil giant raised its crude oil production capacity to 4.85 mn bbl / d from 4.65 mn bbl / d earlierin May. It also recently resumed operations at its Ras Al Sadr field in Abu Dhabi, and set up a JV to unlock “unconventional” energy resources in the emirate. It invested more than USD 2.2 bn into its drilling fleet since 2021.

Tags: