Arabian Drilling Company, a major national onshore and offshore drilling contractor in Saudi Arabia, has won a number of five-year contracts from Aramco for 10 additional land rigs, amounting to more than SR3bn (US$799,680,000)
Spending on conventional oil and gas exploration is rebounding and expected to exceed US$50bn this year, the highest since 2019, according to new research from Rystad Energy
Spending on well interventions is projected to jump by almost 20% this year to US$58bn according to research from Rystad Energy, with Saudi Arabia being the top onshore market from 2023-2028
According to a recent survey by Reuters, OPECs oil output experienced a modest decline in June, with Iraq and Nigeria raising their production levels, offsetting the cutbacks made by other member countries
Petrofac, a leading international service provider to the energy industry, has been selected by ADNOC Gas Processing, the ADNOC subsidiary, to undertake a significant new engineering, procurement and construction (EPC) project at its Habshan Complex
