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SLB and ADNOC Drilling Establish Turnwell Industries LLC OPC for UAE's Unconventional Oil and Gas Program

Sep 30, 2024•over 1 year ago

Contract Type

partnership

Abu DhabiEnergyOil And Gas

Description

SLB and ADNOC Drilling have formed a joint venture, Turnwell Industries LLC OPC, along with Patterson-UTI, to accelerate UAE’s unconventional oil and gas program. The venture aims to complete an initial 144 wells by the end of 2025 and will focus on leveraging leading innovations in AI, smart drilling design, completions engineering, and production solutions.

Company Information

Company

ADNOC Drilling

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

ADNOC Drilling Company P.J.S.C. is a leading drilling services provider in the Middle East. It specializes in onshore and offshore drilling operations. The company is a subsidiary of the Abu Dhabi National Oil Company (ADNOC). ADNOC Drilling is committed to providing safe and efficient drilling services.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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