Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Botswana raises growth forecast to 3.8% as diamonds rebound

    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
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    Bahrain DispatchBahrain Dispatch
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • More
      • Sports
      • Technology
      • Travel
    Bahrain DispatchBahrain Dispatch
    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 Twitter Pinterest LinkedIn Tumblr Email

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Botswana raises growth forecast to 3.8% as diamonds rebound

    November 5, 2026

    Indonesia posts $10.6 billion trade surplus on non-oil exports

    November 3, 2026

    Africa’s top banks build war chest for Kenya takeover deals

    November 3, 2026

    South Korea’s exports hit record $115.3 billion on chip boom

    November 2, 2026
    Editors Picks

    Botswana raises growth forecast to 3.8% as diamonds rebound

    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

    OpenAI deals bring frontier AI to ADNOC and Abu Dhabi Government

    November 3, 2026

    Indonesia posts $10.6 billion trade surplus on non-oil exports

    November 3, 2026

    Sam Altman calls UAE most forward-looking country on AI

    November 3, 2026

    Sheikh Mohamed receives Markus Söder to boost UAE-Bavaria ties

    November 3, 2026
    © 2023 Bahrain Dispatch | All Rights Reserved
    • Home
    • Contact Us

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