Weatherford International, one of the largest multinational oilfield service companies, has signed a three-year US$220mn contract with Abu Dhabi Company for Offshore Petroleum Operations Limited (ADNOC Offshore)
Under the three-year contract, Weatherford will provide directional drilling services to increase offshore production for ADNOC subsidiary in the UAE. The agreement involves the use of the Weatherford Magnus® rotary steerable system in both re-entry wells and new wells.
Tony Azizi, vice-president of the Arabian Sea Geozone for Weatherford, said, “Magnus is demonstrating consistent reliability, a critical element of this contract award.”
“Operations in some of the world’s most challenging geophysical environments are proving Magnus’ ability to deliver very accurate wellbore placement and wellbore quality, in conditions requiring vertical, lateral or curved directional drilling,” he added.
“Magnus’ independently controllable and addressable steering pads, in tandem with its unique modular design, allow for increased reliability, improved utilisation, the efficient turn-around time of idle assets and local repair, all of which will drive greater benefits for ADNOC Offshore,” he revealed.
Using a push-the-bit design, Magnus addresses operators’ need for speed without sacrificing directional control. Unique design elements, including a true inclination hold, make Magnus the best-in-market rotary steerable system for maximising reservoir exposure and monetising the value of the well.
“This contract aligns with the ADNOC In-Country Value strategy and its commitment to engaging with, and supporting, the local private sector,” Azizi concluded.
This contract follows the recent signing of a corporate procurement agreement with Saudi Aramco...Read more about it here!
