UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has awarded AED 2.4 billion ($658 million) agreements to cement oil and gas wells.
The five-year agreements were awarded to Haliburton Worldwide Limited Abu Dhabi, Baker Middle East, Emirates Western Oil Well Drilling & Maintenance Co., NESR Energy Services, and Emjel Oil Field Services, according to a press release on Thursday.
With an option to run for a further two years, the agreement is in line with the company's objective to enable drilling growth and raise its crude oil production capacity.
The ADNOC Upstream Executive Director, Yaser Saeed Almazrouei, said: "The awards for cementing services will support the ongoing expansion of ADNOC’s drilling activities as we grow our production capacity, strengthening our position as a reliable global supplier of some of the world’s most carbon-efficient barrels."
