Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    AID 2026 to Showcase Booming Opportunities in Silver Economy

    May 6, 2026

    Grand Launch | wire & Tube China 2026 Opens Visitor Registration

    May 6, 2026

    AlUla Partners with Wego to Inspire Regional Travellers on a Journey of Discovery to Saudi Arabia’s Timeless Desert Masterpiece

    May 6, 2026
    Emirati EditionEmirati Edition
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Emirati EditionEmirati Edition
    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

    August 11, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    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.

    Related Posts

    Pakistan clears donkey meat exports to China from Gwadar

    May 5, 2026

    GCC beats global average in 2026 economic freedom index

    May 2, 2026

    CBUAE leaves base rate unchanged at 3.65%

    April 30, 2026

    South Korea retail sales climb 5.6% in March

    April 29, 2026

    Syria gets US$225 million World Bank water health aid

    April 24, 2026

    Dnata invests A$32 million in Western Sydney cargo hub

    April 23, 2026
    Latest News

    Pakistan clears donkey meat exports to China from Gwadar

    May 5, 2026

    Pakistan cleared donkey meat and hide exports from Gwadar to China after a Chinese firm warned it would shut operations over delays there.

    Hantavirus probe deepens after deaths on Atlantic cruise

    May 4, 2026

    GCC beats global average in 2026 economic freedom index

    May 2, 2026

    UAE and France hold talks on regional stability

    May 1, 2026

    CBUAE leaves base rate unchanged at 3.65%

    April 30, 2026

    South Korea retail sales climb 5.6% in March

    April 29, 2026

    UAE and Mauritania presidents deepen bilateral ties

    April 27, 2026

    UAE India dialogue turns to security and energy

    April 27, 2026

    UAE mediation helps Russia and Ukraine swap 386 captives

    April 25, 2026
    © 2026 Emirati Edition | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.