ADNOC rakes in $1.17B contract for jackup barges
Abu Dhabi National Oil Co. (ADNOC) has secured a $1.17 billion contract for the hire of 13 self-propelled jackup barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to 5 MMbbl/d by 2030.
The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S).
More than 80% of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value program, supporting local economic growth and diversification.
The 13 self-propelled jackup barges are multipurpose assets that enable rig-less operations and maintenance with single-point responsibility provided by ADNOC L&S, enabling enhanced efficiencies. The barges, which will be deployed across ADNOC’s offshore fields, are equipped to support a wide scope of operations, including project work, maintenance and accommodation.
The jackup barges will be hired along with manpower and equipment. The barges will be utilized for rig-less well intervention and pre- and post-drilling operations as well as for topside maintenance and integrity restoration activities at ADNOC offshore assets.
Instead of these services being provided through several discrete, operationally specific contracts, all requirements have been unified in line with ADNOC’s approach of centralizing procurement and operational logistics management. This provides ADNOC Offshore and its partners with operational flexibility while enabling cost efficiencies and single-point responsibility by ADNOC L&S.
Source: ADNOC
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