Close Menu
    Muscat JournalMuscat Journal
    • Home
    • Contact Us
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Muscat JournalMuscat Journal
    Home » ADNOC has signed a $1.17 billion contract for jack-up barges
    Business

    ADNOC has signed a $1.17 billion contract for jack-up barges

    August 11, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    In order to drive offshore operational efficiency and expand crude oil production capacity to five million barrels per day (mmbpd) by 2030, Abu Dhabi National Oil Company (ADNOC) has agreed to pay $1.17 billion (AED4.3 billion) for the hiring of 13 self-propelled jack-up barges. The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services (ADNOC L&S) and highlights ADNOC’s world-class capabilities.

    ADNOC has signed a $1.17 billion contract for jack-up barges
    Photo for illustrative purposes only

    Under ADNOC’s In-Country Value (ICV) programme, 80 percent of the award value will flow back into the UAE’s economy. With ADNOC L&S’s single-point responsibility, the 13 self-propelled jack-up barges enable rig-less operations and maintenance, enabling enhanced efficiency. Designed to support a wide range of operations, including project work, maintenance, and accommodation, the barges will be deployed across ADNOC’s offshore fields.

    Related Posts

    World food prices ease in October as sugar extends rally

    November 7, 2026

    Egypt reserves climb $151.6 million to record $57.5 billion

    November 6, 2026

    Botswana diamond output rises 14% as economy shows recovery

    November 5, 2026

    Indonesia’s non-oil exports drive $10.61bn trade surplus

    November 3, 2026

    FirstRand joins African lenders eyeing Kenya bank acquisitions

    November 3, 2026

    Korea’s chip exports soar 259% as October shipments hit record

    November 2, 2026
    Latest News

    Yellow fever kills 18 across nine African nations, WHO says

    November 7, 2026

    – Yellow fever has killed 18 people across nine African countries this year, the World Health Organization said, warning that outbreaks are continuing. A total of 67 confirmed cases were recorded between January 1 and October 12, 2026. The cases

    World food prices ease in October as sugar extends rally

    November 7, 2026

    Egypt reserves climb $151.6 million to record $57.5 billion

    November 6, 2026

    Botswana diamond output rises 14% as economy shows recovery

    November 5, 2026

    Pune Metro Line 3 opens as Modi lays Phase 2 foundation

    November 4, 2026

    MEAPMP Launches: Revamped Independent Ad-Tech & Premium Media Buying Across MEA

    November 3, 2026

    Sam Altman calls UAE most forward-looking country on AI

    November 3, 2026

    Türkiye aims to rank sixth in global tourism revenue

    November 3, 2026
    © 2026 Muscat Journal | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.