Latest news with #TaybaAlHashemi
Yemen Online
17-04-2025
- Business
- Yemen Online
ADNOC Drilling secures $1.63bn drilling services contract
The five-year contract encompasses services including directional drilling, drilling fluids, cementing, wireline logging and tubular running. ADNOC Drilling has been awarded a $1.63bn (Dh5.99bn) contract by ADNOC Offshore to provide integrated drilling services (IDS). The five-year contract encompasses a suite of services including directional drilling, drilling fluids, cementing, wireline logging and tubular running. The provision of these services is aimed at delivering extended reach and maximum reservoir wells offshore. ADNOC Drilling CEO Abdulrahman Abdulla Al Seiari said: 'We are immensely proud to secure this considerable award, which not only validates our strategic direction but also demonstrates the confidence ADNOC Offshore places in our capabilities. Our IDS offering delivers superior value and innovation, enabling us to play a pivotal role in reshaping the future of energy services in the region. 'This milestone underscores our commitment to operational excellence, and positions ADNOC Drilling as the partner of choice in an increasingly dynamic and complex energy landscape. 'This five-year award is a strong reflection of ADNOC Drilling's long-term contracting model, which provides revenue visibility and stability over the contract period. It aligns with our disciplined approach to building a resilient business foundation, capable of generating consistent cash flow and supporting sustainable shareholder returns through the cycle.' This strategic award is expected to support the burgeoning oilfield services segment and has already been factored into the company's financial guidance for 2025 and 2026. ADNOC will also provide Osaka Gas with up to 800,000 tonnes per annum of lower-carbon liquefied natural gas (LNG) from its Ruwais LNG project. ADNOC Offshore CEO Tayba Al Hashemi added: 'ADNOC Drilling is a key enabler on our accelerated journey to responsibly meet the world's growing energy needs. This contract gives us access to their cutting-edge capabilities and market-leading end-to-end services, which will maximise efficiency and generate significant value for our shareholders and the UAE [United Arab Emirates].'
Yahoo
17-04-2025
- Business
- Yahoo
ADNOC Drilling secures $1.63bn drilling services contract
ADNOC Drilling has been awarded a $1.63bn (Dh5.99bn) contract by ADNOC Offshore to provide integrated drilling services (IDS). The five-year contract encompasses a suite of services including directional drilling, drilling fluids, cementing, wireline logging and tubular running. The provision of these services is aimed at delivering extended reach and maximum reservoir wells offshore. ADNOC Drilling CEO Abdulrahman Abdulla Al Seiari said: 'We are immensely proud to secure this considerable award, which not only validates our strategic direction but also demonstrates the confidence ADNOC Offshore places in our capabilities. Our IDS offering delivers superior value and innovation, enabling us to play a pivotal role in reshaping the future of energy services in the region. "This milestone underscores our commitment to operational excellence, and positions ADNOC Drilling as the partner of choice in an increasingly dynamic and complex energy landscape. 'This five-year award is a strong reflection of ADNOC Drilling's long-term contracting model, which provides revenue visibility and stability over the contract period. It aligns with our disciplined approach to building a resilient business foundation, capable of generating consistent cash flow and supporting sustainable shareholder returns through the cycle.' This strategic award is expected to support the burgeoning oilfield services segment and has already been factored into the company's financial guidance for 2025 and 2026. ADNOC will also provide Osaka Gas with up to 800,000 tonnes per annum of lower-carbon liquefied natural gas (LNG) from its Ruwais LNG project. ADNOC Offshore CEO Tayba Al Hashemi added: 'ADNOC Drilling is a key enabler on our accelerated journey to responsibly meet the world's growing energy needs. This contract gives us access to their cutting-edge capabilities and market-leading end-to-end services, which will maximise efficiency and generate significant value for our shareholders and the UAE [United Arab Emirates].' "ADNOC Drilling secures $1.63bn drilling services contract" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Al Etihad
17-04-2025
- Business
- Al Etihad
ADNOC Drilling awarded $1.63 billion, five-year Integrated Drilling Services contract
17 Apr 2025 11:53 ABU DHABI (WAM) ADNOC Drilling Company announced Thursday that it has received a letter of award for a $1.63 billion, five-year contract for Integrated Drilling Services (IDS) from ADNOC landmark award reinforces ADNOC Drilling's unique position within ADNOC Group and as the region's leading provider of advanced, integrated energy services, reflects the strength of its strategy to expand its fleet, service offerings, and Drilling CEO, Abdulrahman Abdulla Al Seiari, said, 'We are immensely proud to secure this considerable award, which not only validates our strategic direction but also demonstrates the confidence ADNOC Offshore places in our capabilities. Our IDS offering delivers superior value and innovation, enabling us to play a pivotal role in reshaping the future of energy services in the region. This milestone underscores our commitment to operational excellence, and positions ADNOC Drilling as the partner of choice in an increasingly dynamic and complex energy landscape.''This five-year award is a strong reflection of ADNOC Drilling's long-term contracting model, which provides revenue visibility and stability over the contract period. It aligns with our disciplined approach to building a resilient business foundation, capable of generating consistent cash flow and supporting sustainable shareholder returns through the cycle.'The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging, and tubular running services. The award incorporates advanced engineering and technical support for the effective delivery of extended reach and maximum reservoir wells Offshore CEO, Tayba Al Hashemi, said, 'ADNOC Drilling is a key enabler on our accelerated journey to responsibly meet the world's growing energy needs. This contract gives us access to their cutting-edge capabilities and market-leading end-to-end services, which will maximise efficiency and generate significant value for our shareholders and the UAE.'This award is a clear endorsement of ADNOC Drilling's continued commitment to operational excellence, innovation, and the adoption of artificial technology (AI) and advanced technologies, underlining its ability to deliver end-to-end solutions that optimise performance while unlocking significant value for its contract supports the growing Oilfield Services segment, and its economic impact is already included in the current 2025 and 2026 guidance, underpinning the visibility of ADNOC Drilling's business model and in support for the Company's financial the demand for advanced, high-performance energy solutions increases, the growth of ADNOC Drilling's IDS portfolio is a cornerstone of the Company's strategy – enhancing fleet utilisation, diversifying revenue streams, and accelerating sustainable and long-term growth and IDS business brings a relatively new and fast-growing revenue stream to ADNOC Drilling, significantly enhancing business resilience and future-proofing the company through the cycles. With its leading market position in IDS in the UAE, ADNOC Drilling is uniquely positioned to capture further growth and deepen its leadership in this high-potential Drilling is leading the transformation of the energy services sector by adopting AI, integrating advanced technologies with deep industry knowledge and expertise with a relentless focus on operational efficiency. Its joint venture Enersol, a pioneering AI-centric investment platform, is at the forefront of this new energy technology era as it builds a scalable, future-facing AI and advanced technology ecosystem that is uniquely positioned to empower its portfolio of companies to lead in innovation, maximise synergies, and ultimately generate added value.
Trade Arabia
17-04-2025
- Business
- Trade Arabia
Adnoc Drilling secures $1.63bn contract
Adnoc Drilling has secured a $1.63 billion five-year contract for Integrated Drilling Services from Adnoc Offshore, solidifying its position as the leading provider of advanced, integrated energy services in the region and demonstrating its strategy to expand its fleet and service offerings. Abdulrahman Abdulla Al Seiari, Adnoc Drilling CEO, said: 'We are immensely proud to secure this considerable award, which not only validates our strategic direction but also demonstrates the confidence Adnoc Offshore places in our capabilities. Our IDS offering delivers superior value and innovation, enabling us to play a pivotal role in reshaping the future of energy services in the region. This milestone underscores our commitment to operational excellence, and positions Adnoc Drilling as the partner of choice in an increasingly dynamic and complex energy landscape. 'This five-year award is a strong reflection of Adnoc Drilling's long-term contracting model, which provides revenue visibility and stability over the contract period. It aligns with our disciplined approach to building a resilient business foundation, capable of generating consistent cash flow and supporting sustainable shareholder returns through the cycle.' The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services. The award incorporates advanced engineering and technical support for the effective delivery of extended reach and maximum reservoir wells offshore. Tayba Al Hashemi, Adnoc Offshore CEO, said: 'Adnoc Drilling is a key enabler on our accelerated journey to responsibly meet the world's growing energy needs. This contract gives us access to their cutting-edge capabilities and market-leading end-to-end services, which will maximise efficiency and generate significant value for our shareholders and the UAE.' -TradeArabia News Service
Zawya
17-04-2025
- Business
- Zawya
ADNOC Drilling wins $1.63bln offshore Integrated Drilling Services contract
ADNOC Drilling announced on Wednesday that it has received a letter of award from ADNOC Offshore for a $1.63 billion contract to deliver Integrated Drilling Services (IDS) over a five-year period. The scope of the contract includes directional drilling, drilling fluids, cementing, wireline logging, and tubular running services. It also covers engineering and technical support for the delivery of extended reach and maximum reservoir contact wells offshore. 'This five-year award is a strong reflection of ADNOC Drilling's long-term contracting model, which provides revenue visibility and stability over the contract period,' said Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling. Tayba Al Hashemi, CEO of ADNOC Offshore, said: 'This contract gives us access to their cutting-edge capabilities and market-leading end-to-end services, which will maximise efficiency and generate significant value for our shareholders and the UAE.' ADNOC Drilling said the award supports the growth of its Oilfield Services segment and that the associated economic impact is already accounted for in its 2025 and 2026 financial guidance. (Writing by SA Kader; Editing by Anoop Menon)
