Close Menu
    What's Hot

    Argentina advance as Messi breaks World Cup scoring record

    June 23, 2026

    Japan’s Nikkei 225 clears 72,000 in record Tokyo rally

    June 22, 2026

    Egypt claims historic World Cup win over New Zealand

    June 22, 2026
    Facebook X (Twitter) Instagram
    Digi FirstDigi First
    • Automotive
    • Business
    • Editorial
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Digi FirstDigi First
    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

    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’s Nikkei 225 clears 72,000 in record Tokyo rally

    June 22, 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

    Samsung leads global chip investment with US$59.2B spend

    June 10, 2026
    Latest News

    Argentina advance as Messi breaks World Cup scoring record

    June 23, 2026

    Japan’s Nikkei 225 clears 72,000 in record Tokyo rally

    June 22, 2026

    Egypt claims historic World Cup win over New Zealand

    June 22, 2026

    Japan widens AI risk cooperation in updated safety plan

    June 22, 2026

    Emirates adds four weekly Dubai Accra flights

    June 20, 2026

    US beats Australia to reach World Cup Round of 32

    June 20, 2026

    China activates flood response across five provinces

    June 19, 2026

    Congo Ebola cases rise as outbreak widens

    June 19, 2026
    © 2026 Digi First | All Rights Reserved
    • Home
    • Contact Us

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