ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has completed its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield
Abdulmunim Saif Al Kindy, ADNOC Upstream executive director, said, “Our first offshore IDS well and the 14 onshore IDS wells drilled for this year have shown an increase in our drilling performance by about 25 per cent, resulting in considerable cost savings and increased well profitability.”
ADNOC plans to increase its conventional drilling activity by 40 per cent by 2025 and significantly increase the number of its unconventional wells, as it aims to increase its oil production capacity by four mmbbl per day by the end of 2020 and five million by 2030. Offshore fields contribute close to 50 per cent of Adnoc’s daily oil production capacity.
“This milestone firmly positions ADNOC Drilling as a leading provider of comprehensive drilling and well construction services,” Al Kindy added.
“It also positions ADNOC Drilling as the first national integrated drilling company in the region at an important time, when we are substantially expanding our oil production capacity, unlocking Abu Dhabi’s vast conventional and unconventional hydrocarbon resources, and driving efficiencies across all of our operations to deliver more value to the UAE and our partners,” he stated.
Abdalla Saeed Al Suwaidi, CEO of ADNOC Drilling, commented, “This achievement, which followed our strategic partnership with Baker Hughes, a GE company, further strengthens our pivotal role in enabling ADNOC’s planned increase of hydrocarbon production capacity across its onshore and offshore fields.”
