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Schlumberger and Halliburton win big as ADNOC dishes out $764million unified contract

© ADNOCSchlumberger Halliburton ADNOC
The SARB and Upper Zakum fields are aiming for output of five million barrels per day by 2030.

ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.

The rigless services work will be carried out across six artificial islands in Abu Dhabi in the Upper Zakum and Sarah Al Razboot (SARB) oil fields, supporting plans to expand production to a huge five million barrels per day by 2030.

Schlumberger has been awarded a share worth $381.1million from ADNOC, while Halliburton is getting a deal worth $153.9m.

Meanwhile ADNOC Drilling picks up the remaining $228.7million, with the awards unifying several smaller contracts, which the operator said would enable cost savings and a single point of responsibility.

More than 80% of the award value will flow back into the UAE economy under ADNOC’s in-country value programme.

Yaser Saeed Almazrouei, ADNOC Upstream executive director, said: “These important awards for integrated rigless services will drive efficiencies of drilling and related services, and optimize costs in our Offshore operations as we ramp up our drilling activities to increase our production capacity and enable gas self-sufficiency for the UAE.

“The contractors bring best-in-class expertise and technologies with a proven track record in the industry and ADNOC Drilling’s scope reflects its expanded service profile following its successful transformation into a fully integrated drilling services (IDS) company, enabling it to offer its clients start-to-finish well drilling and construction services.

“Importantly, the high in-country value generated from the awards will stimulate new business opportunities for the private sector and support the UAE’s post-Covid economic growth.”

Adnoc Schlumberger Halliburton

The awards cover the six artificial islands of Asseifiya, Ettouk, Al Ghallan, and Umm Al Anbar in the Upper Zakum field and Al Qatia and Bu Sikeen in the SARB field.

ADNOC said use of the artificial islands provides environmental benefits, particularly in shallow water, with use of land-drilling rigs rather than offshore jack-ups.

Schlumberger, ADNOC and Halliburton will cover a range of services including coiled tubing, equipment, simulation services and well integrity.

In 2018, Baker Hughes acquired a 5% stake in ADNOC Drilling which has since completed over 180 integrated drilling services wells, which it said has saved more than $210m through efficiency improvements.

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