On Thursday, the Abu Dhabi National Oil Company (ADNOC) announced the award of contracts worth a total of 2.4 billion UAE dirhams ($653.5 million) related to the services of capping and isolating oil and gas wells with cement.
The contracts were awarded to 5 companies: “Halliburton Worldwide Limited – Abu Dhabi” (Halliburton), “Baker Middle East” (Baker), “Emirates Western for Drilling and Maintenance of Oil Wells”, “Neasr for Energy Services”, and “Emirates Western for Drilling and Maintenance of Oil Wells”. Emjal Oilfield Services”, according to an ADNOC statement posted on its website.
The contracts extend for a period of 5 years with an option to extend for two years with the same terms and conditions.
About ADNOC
The Abu Dhabi National Oil Company was established in 1971, and it is affiliated with the Abu Dhabi government and is responsible for all oil and gas production operations in the emirate, according to its website. The company’s production capacity is regarding 4 million barrels of oil per day, and 10.5 billion cubic feet of natural gas per day, according to its website. mail.
(Prepared by: Shaima Hefzy, journalist specializing in economic affairs, and editor of the Egyptian Masrawy website)
(Editing: Editing: Maryam Abdel-Ghani, contact yasmine.saleh@lseg.com)
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