ADNOC
The previous two editions generated AED121 billion ($33 billion) worth of local procurement opportunities
ADNOC will retain the majority 78.5 percent of ADNOC Drilling
Mozambique's Coral South LNG development has a production capacity of almost 3.5 mtpa
ADNOC also signed a 20-year LNG off-take agreement for 1.9 million tonnes per annum of LNG
To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries
The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day
The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase
Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells
Excluding the corporate tax impact, net profit saw a robust 13 percent year-on-year increase to $165 million
The deal aims to expedite AI innovation, cultivate cutting-edge energy and industry solutions
This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year
