Morocco ReportMorocco ReportMorocco Report
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
Reading: ADNOC has signed a $1.17 billion contract for jack-up barges
Share
Font ResizerAa
Font ResizerAa
Morocco ReportMorocco Report
Search
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
© 2022 Morocco Report | All Rights Reserved
Home » ADNOC has signed a $1.17 billion contract for jack-up barges
Business

ADNOC has signed a $1.17 billion contract for jack-up barges

Published: August 11, 2022
Share
SHARE

In order to drive offshore operational efficiency and expand crude oil production capacity to five million barrels per day (mmbpd) by 2030, Abu Dhabi National Oil Company (ADNOC) has agreed to pay $1.17 billion (AED4.3 billion) for the hiring of 13 self-propelled jack-up barges. The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S) and highlights ADNOC’s world-class capabilities.

ADNOC has signed a $1.17 billion contract for jack-up barges
Photo for illustrative purposes only

Under ADNOC’s In-Country Value (ICV) programme, 80 percent of the award value will flow back into the UAE’s economy. With ADNOC L&S’s single-point responsibility, the 13 self-propelled jack-up barges enable rig-less operations and maintenance, enabling enhanced efficiency. Designed to support a wide range of operations, including project work, maintenance, and accommodation, the barges will be deployed across ADNOC’s offshore fields.

You Might Also Like

Innovative technologies fuel Dubai’s renewable energy ambitions
DAE posts US$85.8 million net income for first quarter of 2025
Brent crude rises to $74.16 as oil prices climb
McDonald’s to open 10,000 stores by 2027, embracing AI technology
EMSTEEL Q1 net profit jumps as margins widen
Share This Article
Facebook TwitterEmail Print
Previous Article SFD CEO receives advisor to Chadian president
Next Article With an AED1.8 billion deal, IHC buys 50 percent of Turkish Kalyon Enerji

Latest News

Magnitude 4.9 earthquake hits southwestern China causing one death
China adds drone curbs and restrictions on US entities
China adds drone curbs and restrictions on US entities
China adds drone curbs and restrictions on US entities
China adds drone curbs and restrictions on US entities
Fuego volcano eruption puts Guatemala regions on red alert
Fuego volcano eruption puts Guatemala regions on red alert
Eastern Washington wildfires force 67,000 evacuations
Eastern Washington wildfires force 67,000 evacuations
Austria heatwave drives record high and €1.4bn damage
Austria heatwave drives record high and €1.4bn damage
© 2026 Morocco Report | All Rights Reserved
  • Home
  • Contact Us
Welcome Back!

Sign in to your account