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Large Contracts for Casing and Tubing Adapted from Information by ADNOC Abu Dhabi National Oil Company (ADNOC) announced the award of multibil- lion dollar contracts for the procurement of casing and tubing. The combined scope of the three contracts is one of the world’s largest in this category; maximizing value for ADNOC across its drilling value chain, underpinning its strategy to deliver a more profitable upstream business. The contracts went to Consolidated Suppliers Establishment, representing Tenaris S.A.; Abu Dhabi Oilfield Services Company, representing Vallourec S.A.; and Habshan Trading Company, representing Marubeni-Itouchu Steel, Inc. to supply a combined total of one million tons of casing and tubing over five years to support ADNOC’s drilling activities. This award marks the first in a series of drilling-related procurement expendi- tures the company plans to make in the next five years. Some of the other acqui- sition categories are downhole completion equipment, liner hangers, drilling fluids, wellheads, directional drilling, cementing, and wireline logging. One of ADNOC’s goals is to establish a state-of-the-art oil country tubular goods threading plant and repair center, as well as a training academy in Abu Dhabi to improve local expertise and generate value for the country. Abdulmunim Saif Al Kindy, ADNOC upstream executive director said, “These agreements will provide ADNOC with increased flexibility to proactively respond to the demands of the evolving energy landscape as we ramp up our drilling activities and deliver our 2030 strategy.” New & Used Bits, HDD Bits & Tools, Drag Bits & Wings, Bolt-On Drag Bits, Reverse Circulation Tools, Hole Openers, Claw Bits, Stabilizers, Subs, Custom Tooling & Welding, Hammer Bits, Drill Collars, Pipe Wipers, and Drill Pipe. Office: (661) 834-4348 Rod Henderson / Eran Henderson 661-201-6259 • 661-330-0790 sales@bitcobits.com www.bitcoinc.us G&O 44 FEBRUARY 2020 WorldWide Drilling Resource ®