With an aim to increase its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030, Adnoc has awarded procurement contracts to leading companies specializing in drilling equipment and services as these are crucial in drilling for oil and gas as well as completing wells. The procurement award for wellheads and related components is worth up to 3.27 billion dollars, making it the world’s largest in this category. In addition, the procurement award for Downhole Completion Equipment and related services is worth up to 2.34 billion dollars, also making it the world’s largest in this category.
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