Weatherford has signed a $220 million, three-year contract with ADNOC Offshore. The Abu Dhabi National Oil Company (ADNOC) announced that it is establishing a new trading unit. As global exploration, development and production of oil and gas resources shifts to more complex. Company provide directional drilling services for the stated goal of increasing offshore production in the UAE. The Abu Dhabi National Oil Company (ADNOC) announced its plans to unveil its detailed downstream strategy. The licensing strategy represents a major advance in how Abu Dhabi unlocks new opportunities.
ADNOC Drilling, an Abu Dhabi National Oil Company (ADNOC) subsidiary celebrated. The ADNOC Technical Academy (ATA), a leading education and technical training provider. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells. The Abu Dhabi National Oil Company honored and celebrated its employees who have worked with the Company. The successful bidders will enter into agreements granting exploration rights. The ATA offers its students a hands-on training and education program. The launch of these large new licensing blocks is an important step for Abu Dhabi.
Tony Azizi, vice president said “Magnus is demonstrating consistent reliability, a critical element of this contract award”.
The operations in some of the world’s most challenging geophysical environments. The approach is central to expanded partnership strategy. Established in 1978, the ATA has provided education and technical training to more than 5,000 UAE Nationals. More than 500 employees gathered in front of the ADNOC headquarters. PetroChina contributed a participation fee of AED 2.1 billion (US $575 million). The conditions requiring vertical, lateral or curved directional drilling. Company working in partnership is key to safeguarding people, communities and the environment.
Magnus addresses operators’ need for speed without sacrificing directional control. ADNOC being serious about our ambition of 100 percent HSE. ADNOC’s downstream strategy will act as a key catalyst to Abu Dhabi’s economic. Unique design elements, including a true inclination hold. The Company commemorated their work anniversaries. The company also confirmed the attendance of over 30 global CEOs and over 600 senior business leaders from various sectors. It make Magnus the best-in-market rotary steerable system for maximizing reservoir exposure.
ADNOC accelerates delivery of its 2030 strategy. To unlock greater value from the nation’s resources, ADNOC plans to tap into Abu Dhabi’s sour gas reserves. This is a rare and exciting opportunity, for both existing and new partners. ADNOC evolves to seize the opportunities created by the technology transformation. Both concessions will be operated by ADNOC Offshore, on behalf of all concession partners. As ADNOC grows and expands its upstream and downstream businesses, company will produce more products. It has embarked on the exploration and appraisal of challenging unconventional resources.
It monetizing the value of the well. Stressing ADNOC’s focus on 100% HSE is fundamental to the success of its 2030 smart growth strategy. The UAE is the world’s seventh largest oil producer, with about 96% of its reserves. As one of the most established technical institutes in the UAE, company proud of our tradition of developing technicians and operators. The agreements were signed, in Abu Dhabi, by His Excellency Dr Sultan Ahmed Al Jaber. Utilizing the flexibility in our downstream production facilities, accessing market opportunities. The agreements have a term of 40 years and are backdated to March 9, 2018.
Proactively managing our crude oil and refined product flows across key geographies. Company expect the same level of commitment to HSE from everyone. Graduates are the latest batch to have completed their training at the state-of-the-art center. In September 2017, ATA introduced a new 2.5-year course. The graduation ceremony held at ADNOC Drilling’s Bida’a Al Oshaneh Base, in Al Dhafra Region. H.E. Dr Al Jaber said the expanded collaboration with CNPC further strengthens. The ADNOC Downstream Investment Forum will mark the launch of ADNOC’s new downstream strategy.
“This contract aligns with the ADNOC In-Country Value strategy”, Azizi said.
ADNOC’s training programs aim to provide ADNOC with the technologically skilled workforce. One of the new entry requirements is that students have already completed their national service. Energy cooperation is an increasingly important aspect of the UAE’s relations. It will allow to constantly optimize the operations, capture market opportunities. ADNOC’s new downstream strategy will enable it to become a leading, global downstream player. The six blocks open for bidding, two of which are offshore. ADNOC is committed to playing its part in a sustainable and prosperous future for the nation.
ADNOC’s expansion and new investment in the downstream will accelerate the delivery of its 2030 strategy. ATA’s rigorous program demands the highest performance from students. Al Marzooqi said they not only increase efficiency, productivity and profitability. The new strategy will be anchored around an unprecedented new investment. The website also provides details of a global roadshow of technical and commercial information. The attributes associated with applicants who have successfully completed their national service. The agreements are new milestones in ADNOC’s thriving partnership with CNPC.
ADNOC will set out the roadmap for its downstream growth strategy. The Society of Petroleum Engineers International Conference and Exhibition on Health, Safety. Company operate in an energy landscape that is evolving rapidly. The Drilling Training Center is unique in the region. CNPC’s involvement in offshore concession areas will help to maximise the returns. The announcement was made on the side-lines of the Middle East Petroleum. The center’s drilling rig simulation system helps familiarize trainees with the well-control operation. Company supporting the local private sector.