By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Arabian NewsThe Arabian NewsThe Arabian News
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Reading: Boost Fracturing Services in UAE Oilfields with Adnoc Drilling’s $800 million deal
Share
The Arabian NewsThe Arabian News
  • Politics
  • Pursuits
  • Business
  • Technology
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
alt="Boost Fracturing Services in UAE Oilfields with Adnoc Drilling's $800 million deal"
The Arabian News > Economics > Boost Fracturing Services in UAE Oilfields with Adnoc Drilling’s $800 million deal
Economics

Boost Fracturing Services in UAE Oilfields with Adnoc Drilling’s $800 million deal

admin
SHARE

Adnoc Drilling has secured a major $800 million contract to enhance fracturing services across the UAE’s onshore oilfields, marking a significant step in strengthening the country’s energy production capabilities. This deal is the fifth major award in just two months, pushing the company’s total contract wins to a staggering $4.8 billion during this period.

The new agreement aims to accelerate hydraulic fracturing operations, a key component in boosting oil recovery rates and maximizing output from existing reservoirs. Adnoc Drilling’s growing portfolio reflects the UAE’s strategic focus on energy self-sufficiency and sustainable growth within the hydrocarbon sector.

In a statement, the company emphasized that the deal aligns with its broader expansion goals and commitment to integrated drilling services. It also supports Adnoc’s 2030 strategy to meet future energy demand while delivering greater in-country value.

With this most recent contract, Adnoc Drilling further solidifies its position as a regional leader in well-completion and drilling services, assisting the United Arab Emirates in preserving its standing as a major player in the world energy market.

You Might Also Like

UAE Unveils Ambitious FDI Strategy Aiming for Dh2.2 Trillion by 2031

DoorDash to Buy Deliveroo in \\$3.9B Shake-Up Transaction

Krafton’s ‘InZoi’ Set to Smash Sales Records This Year

Saudi Arabia Set to Become Global Data Hub, Expands Beyond Oil

ADX Stocks & Bonds to Settle in Dirhams After UAE Central Bank Deal

TAGGED:UAE Oilfields with Adnoc Drilling
Share This Article
Facebook Twitter Email Print
Previous Article alt="UAE-India Airfares Drop to “Unusually Low Levels” After July 8, Say Travel Agents" UAE-India Airfares Drop to “Unusually Low Levels” After July 8, Say Travel Agents
Next Article alt="Following a brief pause, Air Arabia has resumed flights from Sharjah to Damascus" Following a brief pause, Air Arabia has resumed flights from Sharjah to Damascus

Popular News

US Dollar Crashes: What’s Next for Greenback as It Hits Multi-Year Low?
Business
Following a crisis, Qatar Airways restores service and returns 58,000 passengers home
World
Max Verstappen may be replaced by 17-year-old Arvid Lindblad
Sports
Just hours before facing Gracheva in the quarterfinals of Wimbledon, Krejcikova has an injury scare and withdraws
Sports

Recent News

  • The ruler of Sharjah authorises the boundaries of Al Faya for the UNESCO Heritage Bid.
  • Despite a spike in conflict, oil prices have cooled. Why?
  • IndiGo Makes Long-Haul Debut with Direct Flights to Manchester
  • Abu Dhabi Will Be Rocked by UFC 321’s Action-Packed Fight Card
  • The first wildlife corridor in India is constructed alongside the Delhi-Mumbai expressway.
The Arabian News

Quick Links

  • Home
  • Business
  • Real Estate
  • Contact

Featured Categories

  • Real Estate
  • Wellness
  • Politics
  • Economics

Find Us on Socials

© 2024 The Arabian News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?