Milestone follows the successful completion of 14 onshore wells over the course of this year
Adnoc Drilling, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), on Tuesday announced the completion of its first offshore integrated drilling services well in Abu Dhabi’s Umm Lulu offshore oilfield.
This milestone follows the successful completion of 14 onshore wells over the course of this year, a statement said.
It added that the first well delivered to Adnoc Offshore, also a subsidiary of Adnoc, was completed ahead of schedule and within budget.
Abdulmunim Saif Al Kindy, Adnoc upstream executive director, said: “This milestone firmly positions Adnoc Drilling as a leading provider of comprehensive drilling and well construction services. 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.”
Adnoc plans to grow its conventional drilling activity by 40 percent by 2025 and substantially ramp up the number of its unconventional wells, as it targets an increase in oil production capacity to 4 million barrels per day by the end of 2020 and 5 million by 2030.
Abdalla Saeed Al Suwaidi, CEO of Adnoc Drilling, said: “Extending our comprehensive oilfield service offering to offshore wells less than a year after commencement of our transformation to an IDS company is an important milestone for Adnoc.”
ADNOC’s offshore fields contribute close to 50 percent of its daily oil production capacity.