Agreement will accelerate the initial scope of 144 unconventional wells for delivery by Q4-2025
The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions, according to a press statement.
The JV will focus on the acceleration of UAE’s unconventional oil and gas program, with an initial 144 wells scheduled for completion by the end of 2025. SLB will provide integrated drilling, stimulation and completion services, as well as project management, digital capabilities and subsurface support as part of the venture.
Strategic partnership
“We are proud to join forces with ADNOC Drilling in this strategic partnership that demonstrates SLB’s leading position in the region deploying innovative digital, drilling and completion technologies in developing unconventional energy resources,” stated Tarek Rizk, SLB’s President for the Middle East and North Africa region.
“The UAE’s unconventional energy assets hold a promising future, and we are very much looking forward to elevating their performance in a safe and sustainable way,” he continued.
“Turnwell will not only unlock the immense potential of the UAE’s world-class unconventional energy resources but will also set new benchmarks for the global energy industry. We are proud to lead the way in responsibly shaping the future of energy, both in the UAE and beyond,” commented Abdulrahman Abdulla Al Seiari, Chief Executive Officer, ADNOC Drilling.
