36.6 C
Dubai
Friday, July 11, 2025

ADNOC Drilling Wins $733 Million Contract for AI-Enhanced Offshore Rigs

ADNOC Drilling Company has announced a groundbreaking achievement with a $733 million contract from ADNOC Offshore for the construction of three AI-enhanced island drilling rigs. This milestone contract is set to revolutionize operations at the offshore Zakum field, demonstrating ADNOC Drilling’s commitment to innovation and technological advancement.

Cutting-Edge Technology Integration

The newly awarded island rigs will integrate cutting-edge technology and automation, leveraging real-time data to optimize performance, enhance safety standards, and streamline well delivery times. This technological leap positions ADNOC Drilling at the forefront of offshore drilling innovation globally.

Partnership with Honghua Group

Honghua Group (HH) will collaborate closely with ADNOC Drilling in the construction of these advanced rigs. This partnership underscores a shared vision to harness AI, digitization, and advanced technologies to maximize operational efficiency and sustainability in offshore drilling.

Operational Excellence and Design Features

Operating on existing and newly constructed artificial islands at the Zakum field, these AI-enhanced rigs will facilitate extended reach drilling (ERD), enabling the drilling of some of the world’s longest wells from offshore platforms near Abu Dhabi’s coast. Notably, recent achievements include wells exceeding depths of 52,000 feet, showcasing the rigs’ advanced capabilities.

Strategic Implications and Future Prospects

Tayba Abdul Rahim Al Hashemi, CEO of ADNOC Offshore, highlighted the strategic importance of this contract in enhancing ADNOC Drilling’s technical capabilities to meet global energy demands sustainably. The collaboration aims to deliver significant value for stakeholders by integrating AI-driven innovations into offshore drilling operations.

Financial Projections and Fleet Expansion

With a projected capital expenditure of approximately $210 million, these new island rigs are expected to generate revenue starting in 2027. ADNOC Drilling remains optimistic about its 2024 revenue guidance of $200-250 million for the Island rig segment, reflecting confidence in current fleet performance and future growth prospects.

Innovative Design for Efficiency and Sustainability

The innovative design features of these rigs include the capability to move between wells without dismantling them, enhancing operational flexibility, safety, and cost-efficiency. This design innovation underscores ADNOC’s commitment to sustainable energy practices and reducing environmental impact.

ADNOC Drilling’s $733 million contract for AI-enhanced offshore rigs marks a significant milestone in advancing offshore drilling technology. With a focus on integrating AI and cutting-edge design features, these rigs are poised to set new benchmarks for efficiency, safety, and environmental stewardship in the oil and gas industry.

Source: WAM

Abdul

Hot this week

Abdulfatah Ramadan Mohalhel: A Leader Driven by Integrity, Honesty, and High Ethical Standards

Abdulfatah Ramadan Mohalhel: Kuwait Drilling Company ( KDC ) Entrepreneurs...

UAE’s Botim Launches ‘Send Now, Pay Later’ Remittance Service

In a groundbreaking move, Botim, a popular voice and...

Amjad Barakat: An Influential Business Leader with Unbeatable Spirit and Perseverance

Amjad Barakat, Founder, Brunch & Cake While entrepreneurship can be...

UAE Labour Law: How Free Zone Employees Can File a Labor Complaint

Working in a free zone in Dubai comes with...

Vinod Damodaran: Master of Aggregates & Inspiring Leadership

Vinod Damodaran, CEO, Central Quarry & Mining “When you want...

140 Powerful Reasons Why Dubai is the New King of Luxury Real Estate

Dubai is rewriting the rules of luxury real estate,...

$27 Billion Pact Marks New Chapter in Saudi-Indonesia Relations

In a pivotal moment for Gulf-Asian diplomacy, Saudi Arabia...

Unified GCC Visa: Travel to Gulf Countries Becomes Effortless

Unified GCC Visa—a phrase that’s been creating a buzz...

2 Powerful Leaders, 2 Precious Coins: UAE Central Bank’s Tribute to Zayed and Rashid

The UAE Central Bank has rolled out something special—a...
spot_img

Related Articles

Popular Categories

spot_imgspot_img