Close Menu

    Subscribe to Updates

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

    What's Hot

    Belvilla Deepens Its Commitment to the Netherlands Holiday Market Through Strategic Partnership with Luten Makelaardij

    April 29, 2026

    EU and US agree critical minerals action plan

    April 27, 2026

    Belvilla and Flying Blue, Loyalty program of Air France-KLM partner to Expand Miles Redemption into Vacation Rentals

    April 20, 2026
    Dublin PioneerDublin Pioneer
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Dublin PioneerDublin Pioneer
    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 WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    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.

    Related Posts

    EU and US agree critical minerals action plan

    April 27, 2026

    EU ETS emissions extend decline with 1.3% drop in 2025

    April 11, 2026

    European wheat falls for third session on supply glut

    April 11, 2026

    OPEC+ confirms May oil supply rise of 206,000 bpd

    April 6, 2026

    Italy 2025 deficit misses EU ceiling at 3.1% of GDP

    April 4, 2026

    Austria March inflation hits 3.1% after energy rebound

    April 2, 2026
    Editor's Pick

    EU and US agree critical minerals action plan

    April 27, 2026

    Gavi records US$302 million in lower-income vaccine funding

    April 17, 2026

    Peter Magyar wins Hungary parliamentary vote

    April 13, 2026

    EU ETS emissions extend decline with 1.3% drop in 2025

    April 11, 2026

    Moscow launches T2 as longest urban tram line

    April 11, 2026

    European wheat falls for third session on supply glut

    April 11, 2026

    EU says Strait of Hormuz navigation must stay toll free

    April 11, 2026

    UK temperatures to hit 26C before cooler weather returns

    April 8, 2026
    © 2024 Dublin Pioneer | All Rights Reserved
    • Home
    • Contact Us

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