ADNOC Drilling introduced the completion of its first offshore built-in drilling companies (IDS) nicely in Abu Dhabi’s Umm Lulu offshore oilfield. This milestone follows the profitable completion of 14 onshore IDS wells over the course of this yr, underpinning ADNOC Drilling’s transformation into a totally built-in drilling companies firm that gives start-to-finish drilling and nicely development operations.
This first offshore IDS nicely delivered to ADNOC Drilling’s shopper, ADNOC Offshore, was accomplished forward of schedule and inside price range, reaching a best-in-class efficiency by way of drilling effectivity.
Abdulmunim Saif Al Kindy, ADNOC upstream govt director, stated: “Our first offshore IDS nicely and the 14 onshore IDS wells drilled over the course of this yr have proven a rise in our drilling efficiency by about 25%, leading to appreciable price financial savings and elevated nicely profitability. The profitable offshore nicely completion was delivered in record-breaking time, as had been the earlier onshore IDS wells.
“This milestone firmly positions ADNOC Drilling as a number one supplier of complete drilling and nicely development companies. It additionally positions ADNOC Drilling as the primary nationwide built-in drilling firm within the area at an necessary time, once we are considerably increasing our oil manufacturing capability, unlocking Abu Dhabi’s huge standard and unconventional hydrocarbon sources, and driving efficiencies throughout all of our operations to ship extra worth to the UAE and our companions.”
ADNOC plans to develop its standard drilling exercise by 40% by 2025 and considerably ramp up the variety of its unconventional wells, because it targets a rise in oil manufacturing capability to four MMbpd by the top of 2020 and 5 MMbpd by 2030. Integrating new drilling and completion capabilities, permits ADNOC Drilling to capitalize on this development because it helps the broader ADNOC Group to seize extra worth from each barrel of oil it produces.
Abdalla Saeed Al Suwaidi, CEO of ADNOC Drilling, stated: “Extending our complete oilfield service providing to offshore wells lower than a yr after graduation of our transformation to an IDS firm is a vital milestone for ADNOC. This achievement, which adopted our strategic partnership with Baker Hughes, a GE firm, additional strengthens our pivotal function in enabling ADNOC’s deliberate enhance of hydrocarbon manufacturing capability throughout its onshore and offshore fields.”
ADNOC’s offshore fields contribute near 50% of ADNOC’s every day oil manufacturing capability. Given the substantial influence wells and drilling have on the price of upstream tasks, it’s important that ADNOC Drilling successfully replicates the successes and efficiencies already achieved onshore to its offshore fields to constantly maximize the worth throughout ADNOC’s full portfolio.
ADNOC Drilling’s nicely development and completion companies, that are a part of its IDS providing, drive In-Country Value creation by providing higher potential for native suppliers and repair suppliers to profit from ADNOC’s enterprise development and growth, in addition to bettering information switch and offering employment alternatives for UAE nationals.
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