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ADNOC Group Announces $1.17bn Contract for Jack-Up Barges

Abu Dhabi National Oil Company (ADNOC) announced a $1.17 billion (AED 4.3 billion) contract for the hire of 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 (mmbpd) 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.

 

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.

 

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 our offshore assets.

 

Instead of these services being provided through several discrete, operationally specific contracts, all requirements have been unified in line with ADNOC’s smart approach of centralizing procurement and operational logistics management. This provides ADNOC Offshore and its strategic partners with operational flexibility while enabling cost efficiencies and single-point responsibility by ADNOC L&S, statement mentioned.

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