ADNOC awarded $2 billion worth of drilling contracts for Hail and Ghasha sour gas projects. The UAE is looking to achieve self-sufficiency in natural gas production. The contracts are part of a broader plan to boost the country’s industrial sector. ADNOC awarded the US$2 billion of contracts to its affiliate, ADNOC Drilling. The UAE’s state-owned Abu Dhabi National Oil Co. (ADNOC) has awarded $2 billion worth of drilling contracts to spur the development of the Hail and Ghasha sour gas project as part of its plans to help OPEC’s third-biggest producer achieve gas self-sufficiency, and after that to look to exporting the surplus. Becoming self-sufficient in gas part of its broader ‘Operation 300 Billion’ plan that intends to raise the contribution of the country’s industrial sector to AED300 billion (US$81 billion) from the current AED133 billion within the next 10 years. This objective – itself part of the UAE’s […]