ADNOC makes another $1b plus award, this time for 13 jack-up barges to be deployed at offshore sites. Image Credit: Adnoc Group/ Instagram

Dubai: ADNOC has awarded a $1.17 billion contract to lease 13 self-propelled jack-up barges to drive offshore operational efficiencies. This will support the expansion of its crude oil production capacity to five million barrels per day by 2030. The five-year contract was awarded by ADNOC Offshore to ADNOC Logistics & Services.

These self-propelled jack-up barges are multi-purpose assets enable ‘rig-less operations and maintenance with single point responsibility provided by ADNOC L&S’. This in turn leads to ‘enhanced efficiencies’.

The barges, to be deployed across ADNOC’s offshore fields, are equipped to support a wide scope of operations, including project work, maintainance and accommodation. “This significant award to ADNOC Logistics & Services will help deliver our production capacity expansion in the offshore,” said Ahmad Saqer Al Suwaidi, ADNOC Offshore's CEO.

“ADNOC L&S have a proven track record in the industry and their best-in-class expertise, together with the ready availability of these self-propelled jack-up barges, will help us drive efficiencies and flexibility while cementing ADNOC’s position as a leading low cost and low carbon energy producer.

“Critically, the award enables very high ICV (In-Country Value), which can stimulate new business opportunities.” (Over 80 per cent of the award value will flow back into the UAE’s economy.)

What's different about this contract?
The self-propelled jack-up barges will be hired along with manpower and equipment. The barges will be utilized for rig-less well intervention at ADNOC's offshore fields, and for pre- and post-drilling operations, as well as for topside maintenance and integrity restoration activities at our offshore assets.

Instead of these services being provided through several specific contracts, all requirements have been unified in line with ADNOC’s 'smart approach of centralizing procurement and operational logistics management'.

"This provides ADNOC Offshore and its strategic partners with operational flexibility while enabling cost efficiencies and single point responsibility by ADNOC L&S," the statement said.