ADNOC awards $3.6 billion casing and tubing contracts to three suppliers

Abu Dhabi National Oil Company (ADNOC) awarded three contracts worth AED 13.2 billion ($3.6 billion) to Consolidated Suppliers Establishment (Tenaris), Abu Dhabi Oilfield Services Company (Vallourec), and Habshan Trading Company (Marubeni-Itochu Steel) for the supply of 1 million metric tons of casing and tubing over 5 years. The contracts include $100 million foreign direct investment to set up a threading plant and training academy in Abu Dhabi.

“The combined scope of the three contracts awarded is one of the world's largest in this category, maximizing value for ADNOC across its drilling value chain.”adnoc.ae

• 2 sources
• adnoc.aeADNOC Awards Contracts for Wells and Drilling Materials with Multi-Billion-Dollar Scope as It Drives Value Through Smart Procurement - ADNOCAug 21, 2019
• adnoc.aeADNOC Awards Contracts for Wells and Drilling Materials with Multi-Billion-Dollar Scope as It Drives Value Through Smart Procurement - ADNOCAug 21, 2019

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