DUBAI, Oct 13 (Reuters) - Abu Dhabi National Oil Company [RIC:RIC:ADNOC.UL] awarded a contract worth $980 million to ADNOC Drilling (ADNOCDRILL.AD) to hire two jack-up offshore rigs, the company said on Thursday.<\/p>\n
The award will support the expansion of ADNOC's production capacity as it responds to the growing global demand for lower carbon-intensity oil and gas, the company added.<\/p>\n
ADNOC's offshore operations are supporting the company's goal to increase production capacity to five million barrels per day (mbpd) by 2030 and enable gas self-sufficiency for the United Arab Emirates, ADNOC said.<\/p>\n
ADNOC Drilling is critical to delivering on ADNOC's strategic objectives, the statement added.<\/p>\n
Including the contract announced on Thursday, ADNOC Drilling's awards from ADNOC Offshore in 2022 stand at $5.95 billion.<\/p>\n
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Reporting by Maha El Dahan, writing by Lina Najem; Editing by Christian Schmollinger and Uttaresh.V<\/p>\n
Our Standards: The Thomson Reuters Trust Principles.<\/p>\n
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UAE's ADNOC Drilling secures $980 mln contract to hire offshore rigs - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" DUBAI, Oct 13 (Reuters) - Abu Dhabi National Oil Company [RIC:RIC:ADNOC.UL] awarded a contract worth $980 million to ADNOC Drilling (ADNOCDRILL.AD) to hire two jack-up offshore rigs, the company said on Thursday. The award will support the expansion of ADNOC's production capacity as it responds to the growing global demand for lower carbon-intensity oil and gas, the company added. Continue reading