Adnoc Drilling secured a contract worth up to USD 800 mn from Adnoc Onshore for integrated hydraulic fracturing services for conventional and tight reservoirs, according to a disclosure (pdf). The five-year agreement, slated to begin this quarter, will support Adnoc’s efforts to boost flow rates and hydrocarbon recovery rates across assets in Abu Dhabi. Adnoc Drilling is in charge of design, execution, and evaluation of the treatments.
The tech stack: Adnoc Drilling will deploy proprietary fracturing simulation software, intelligent fluid systems that respond in real time to reservoir conditions, and automated pumping and blending units. The tech stack is designed to maximize efficiency, improve fracture performance, reduce environmental impact, and cut down the need for on-site manpower.
This is Adnoc Drilling’s fifth major contract victory in just over two months. Recent contracts from Adnoc Offshore include a USD 1.6 bn contract for integrated drilling services, a USD 806 mn contract for three island rigs, and a USD 1.15 bn, 15-year contract for two jack-up rigs. Adnoc Drilling is also managing a USD 400 mn backlog tied to its recent acquisitions in Oman and Kuwait.
IN OTHER ADNOC NEWS-
Vallourec lands tubular supply contract with Adnoc: French tube manufacturer Vallourec will supply more than 30k tons of carbon steel tubulars to Adnoc under an existing long-term agreement, according to a press release (pdf). The material will be sourced from Vallourec’s facilities in Brazil, China, and Indonesia. The agreement also includes field services and digital solutions to improve efficiency, and installation and maintenance operations across Adnoc’s oil and gas fields.
In context: Vallourec extended its contract with the Adnoc last year for an additional two years until January 2027, to provide Adnoc with tubes and connections for onshore and offshore oil and gas fields. The original contract was valued at around USD 900 mn.