ADNOC to invest $100 million in threading plant and training academy in Abu Dhabi

As part of the casing and tubing contracts, ADNOC will invest over AED 367 million ($100 million) over five years to establish an OCTG threading plant and repair center, and a training academy in Abu Dhabi.

“Includes over AED 367 million ($100 million) in foreign direct investment to set up a threading plant and training academy in Abu Dhabi.”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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