Well ready ahead of schedule and within budget; joins 14 onshore IDS wells drilled in 2019
Adnoc Drilling has completed its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield. The well was delivered to Adnoc Offshore ahead of schedule and within budget, and is said to have achieved best-in-class performance in terms of drilling efficiency.
The milestone follows the competition of 14 onshore IDS wells this year, which is said to highlight Adnoc Drilling’s transformation into a fully integrated drilling services company that offers start-to-finish drilling and well construction operations.
“Our first offshore IDS well and the 14 onshore IDS wells drilled over the course of this year have shown an increase in our drilling performance by about 25 percent, resulting in considerable cost savings and increased well profitability. The successful offshore well completion was delivered in record-breaking time, as were the previous onshore IDS wells,” said Adnoc’s Upstream executive director Abdulmunim Saif Al Kindy.
According to a statement, Adnoc plans to grow its conventional drilling activity by 40% by 2025 and substantially ramp up the number of its unconventional wells. The move is said to align with ambitions to increase oil production capacity to four million barrels per day by the end of 2020 and five million by 2030.
“This milestone firmly positions Adnoc Drilling as a leading provider of comprehensive drilling and well construction services. It also positions the unit as the first national integrated drilling company in the region at an important time, when we are substantially expanding our oil production capacity, unlocking Abu Dhabi’s vast conventional and unconventional hydrocarbon resources, and driving efficiencies across all of our operations to deliver more value to the UAE and our partners,” added Al Kindy.
Integrating new drilling and completion capabilities, enables Adnoc Drilling to capitalise on this growth as it supports the wider Adnoc Group to capture more value from every barrel of oil it produces, the statement said.
Adnoc Drilling CEO Abdalla Saeed Al Suwaidi remarked, “Extending our comprehensive oilfield service offering to offshore wells less than a year after commencement of our transformation to an IDS company is an important milestone for Adnoc. This achievement, which followed our strategic partnership with Baker Hughes, a GE company, further strengthens our pivotal role in enabling Adnoc’s planned increase of hydrocarbon production capacity across its onshore and offshore fields.”