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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

ADNOC Reveals Framework Agreement Awards Valued at $1.94b to Expand Drilling Activity

ADNOC UAE Abu Dhabi National Oil Company

The Abu Dhabi National Oil Company (ADNOC) announced Thursday a framework agreement awards valued at $1.94 billion to enable drilling growth.

The awards will support ADNOC's strategy to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drive gas self-sufficiency for the UAE.

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