Abu Dhabi National Oil Company invests over $750 million in rigless services; Schlumberger and Halliburton get contracts

The United Arab Emirates's oil and gas giant, Abu Dhabi National Oil Company is making an investment of $763.7 million in integrated rigless services across six of its artificial islands to support its production capacity expansion to 5 million barrels per day by 2030. 

The investment is in the form of three contracts awarded by ADNOC Offshore to Schlumberger, ADNOC Drilling, and Halliburton after a competitive tender process.

Schlumberger’s share of the award is valued at $381.18 million; ADNOC Drilling’s share is valued at $228.71 million, and Halliburton’s share is valued at $153.87 million.