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Reuters : UAE’s ADNOC Drilling secures $980 mln contract to hire offshore rigs

DUBAI,  (Reuters) – Abu Dhabi National Oil Company [RIC:RIC:ADNOC.UL] awarded a contract worth $980 million to ADNOC Drilling (ADNOCDRILL.AD) to hire two jack-up offshore rigs, the company said on Thursday.

The award will support the expansion of ADNOC’s production capacity as it responds to the growing global demand for lower carbon-intensity oil and gas, the company added.

ADNOC’s offshore operations are supporting the company’s goal to increase production capacity to five million barrels per day (mbpd) by 2030 and enable gas self-sufficiency for the United Arab Emirates, ADNOC said.

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