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.