Alaina_Ramsay

Adnoc Drilling lands $1.53B contract for Adnoc’s offshore expansion

Abu Dhabi National Oil Company (“ADNOC”) has awarded a contract worth USD1.53 billion (AED5.62 billion) to Adnoc Drilling to support the expansion of Adnoc’s offshore operations and crude oil production capacity to five million barrels per day by 2030 and gas self-sufficiency for the UAE. 

The award supports Adnoc’s objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon-intensity oil and gas. 

Adnoc Offshore awarded the two-year contract which covers the provision of 12 jack-up rigs and two island rigs and the associated Integrated Drilling Services. 

Over 80% of the award value will flow back into the UAE’s economy under Adnoc’s In-Country Value programme, supporting local economic growth and diversification. 

Adnoc Drilling’s general counsel Alaina Ramsay (pictured) oversaw the transaction. 

Adnoc Drilling lands $1.53B contract for Adnoc’s offshore expansion

suzan.taha@lcpublishinggroup.it

legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram