Abu Dhabi – Mubasher: ADNOC Drilling Company has finalised the rig enablement framework agreement with Helmerich & Payne, the US-based drilling rig and technology company, to raise its drilling efficiencies.
The agreement will enable ADNOC Drilling to improve its land rig operational performance, support its growth and expansion plans, and unlock operational savings, according to a press release on Monday.
The agreement fosters the strategic alliance between ADNOC Drilling and H&P, building on the asset purchase agreement and IPO cornerstone agreement, announced on 8 September 2021.
The CEO of ADNOC Drilling, Abdulrahman Abdullah Al Seiari, said: "This agreement turbocharges ADNOC Drilling’s significant competitive advantage, enabling us to further capitalise on and cement our leading position as the largest national drilling company in the Middle East and the only national drilling company that offers start-to-finish well services."
Meanwhile, H&P’s President and CEO, John Lindsay, commented: "The finalisation of the Rig Enablement Framework Agreement now provides further opportunity to build on this strategic relationship and combine our capabilities to deliver exceptional operational performance."
