Close Menu

    Subscribe to Updates

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

    What's Hot

    Congo Ebola cases rise as outbreak widens

    June 19, 2026

    China activates flood response across five provinces

    June 19, 2026

    Thumbay Media becomes the first and biggest publisher in the Northern Emirates, with a five-magazine portfolio; Living Gulf strengthens its regional media presence

    June 18, 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

    Japan core machinery orders rebound 8.7% in April

    June 18, 2026

    DWTC and -45dB launch modular meeting spaces in Dubai

    June 18, 2026

    Samsung leads global chip investment with US$59.2B spend

    June 10, 2026

    Egypt GDP rises 5.2% as foreign reserves climb

    June 8, 2026

    Korean cosmetics exports hit US$5.6 billion in five months

    June 8, 2026

    Dollar heads for weekly gain as yen nears 160 level

    June 5, 2026
    Latest News

    Congo Ebola cases rise as outbreak widens

    June 19, 2026

    KINSHASA, CONGO / MENA Newswire / – Confirmed Ebola cases in the Democratic Republic of…

    China activates flood response across five provinces

    June 19, 2026

    Japan core machinery orders rebound 8.7% in April

    June 18, 2026

    DWTC and -45dB launch modular meeting spaces in Dubai

    June 18, 2026

    UAE and Egypt presidents discuss ties at G7 summit

    June 18, 2026

    Emirates launches expanded travel insurance for global trips

    June 18, 2026

    Portugal attack stalls in DR Congo World Cup draw

    June 18, 2026

    France opens World Cup with 3-1 win over Senegal

    June 17, 2026

    China raises emergency response after Qinghai earthquake

    June 17, 2026
    © 2026 Emirati Edition | All Rights Reserved
    • Home
    • Contact Us

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