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ADNOC Signs Contracts to Hire 13 Self-Propelled Jack-Up Barges Worth $1.17Bln

ADNOC Signs Contracts to Hire 13 Self-Propelled Jack-Up Barges Worth $1.17Bln

Friday, 12 August, 2022 - 10:15
One of ADNOC’s offshore jack-up barges. (WAM)

Abu Dhabi National Oil Company (ADNOC) announced Thursday an AED4.3 billion ($1.17 billion) contract to hire 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day by 2030.

The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S) and underpins the world-class capabilities within ADNOC's group companies.

Over 80% of the award value will flow back into the UAE's economy under ADNOC's successful In-Country Value (ICV) program, supporting local economic growth and diversification.

The 13 self-propelled jack-up barges are multi-purpose assets that enable rig-less operations and maintenance with single-point responsibility provided by ADNOC L&S, enabling enhanced efficiencies.

The barges, which will be deployed across ADNOC's offshore fields, are equipped to support a wide scope of operations, including project work, maintenance and accommodation.

Ahmad Saqer al-Suwaidi, ADNOC Offshore CEO, said: “ADNOC L&S have a proven track record in the industry and their best-in-class expertise, together with the ready availability of these self-propelled jack-up barges, will help us drive efficiencies and flexibility while cementing ADNOC’s position as a leading low cost and low carbon energy producer.”

The self-propelled jack-up barges will be hired along with manpower and equipment.

The barges will be utilized for rig-less well intervention and pre- and post-drilling operations, and topside maintenance and integrity restoration activities at the offshore assets.

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