ADNOC has awarded ADNOC Drilling Co. with a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.
To service the contract and explore future opportunities in unconventional resources, ADNOC Drilling has incorporated a new company, Turnwell Industries LLC. ADNOC Drilling also entered into a strategic partnership with Schlumberger Middle East SA (SLB) and Patterson-UTI International Holdings Inc., subject to definitive agreements and regulatory approvals.
The contract will see Turnwell deliver 144 unconventional oil and gas wells.
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