Close Menu
    What's Hot

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    Kenya bets on new coffee varieties to boost production

    October 31, 2026

    Global EV registrations hit record 11 million in nine months

    October 30, 2026
    • Home
    • Contact Us
    Aswan AlertAswan Alert
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Aswan AlertAswan Alert
    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

    Kenya bets on new coffee varieties to boost production

    October 31, 2026

    Global EV registrations hit record 11 million in nine months

    October 30, 2026

    Oil prices rise as Brent climbs above $115 a barrel

    October 29, 2026

    Microsoft offers voluntary buyouts to about 60,000 employees

    October 27, 2026

    South Korea surplus tops Germany and Japan combined in Q2

    October 26, 2026

    Russia-Oman trade jumps 22-fold to $1.5 billion, Shoigu says

    October 23, 2026
    Latest News

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    – India’s extreme poverty rate plunged from 27.1% to 2.6% between 2011 and 2023, lifting an estimated 496 million people out of poverty, the World Bank said in its October 2026 Poverty and Equity Brief. The Bank called it “one

    Kenya bets on new coffee varieties to boost production

    October 31, 2026

    – Kenya is banking on new coffee varieties to boost production, improve yields and help farmers cope with climate change as it targets annual output of 150,000 metric tonnes. Henry Kinyua, chairperson of the Coffee Board of Kenya, said researchers

    Global EV registrations hit record 11 million in nine months

    October 30, 2026

    – Global registrations of battery-electric vehicles rose 12% in the first nine months of 2026 to a record 11 million, driven by strong growth in Europe, according to a study by consultancy PwC. Europe accounted for 2.5 million electric cars,

    Apple brings Touch and PROLED XDR display to MacBook Pro

    October 29, 2026

    – Apple has added Touch to the Mac for the first time with a redesigned MacBook Pro that also introduces a tandem OLED display called PROLED XDR. Available in 14-inch and 16-inch versions, the laptop runs on M5 Pro and

    © 2024 Aswan Alert | All Rights Reserved
    • Home
    • Contact Us

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