ADNOC Drilling has splashed $252 million to purchase ten newbuild hybrid energy land drilling rigs, in its push in direction of decarbonization. ADNOC is dedicated to cut back greenhouse gasoline depth by 25 % by 2030.
The rigs use a excessive capability battery and engine automation in parallel with the rigs’ conventional diesel mills. The hybrid energy know-how system shops vitality in its batteries to make use of when there’s a want for steady energy or to offer prompt further energy when there is a rise in demand, decreasing a rig’s greenhouse gasoline emissions depth by 10-15 %, the corporate stated.
Every of the rigs can have the supply to be linked to {the electrical} grid with minimal adjustment, relying on rig location and the provision of grid energy, additional decreasing emissions, the assertion reads.
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“That is yet one more thrilling step for ADNOC Drilling – these new rigs contribute to the capability required to fulfill our clients’ expectations of most vitality with minimal emissions. As our development trajectory accelerates and we proceed to construct our capability and capabilities to drive shareholder returns, our dedication to the decarbonization of our operations stays elementary,’’ Abdulrahman Abdullah Al Seiari, Chief Government Officer of ADNOC Drilling, stated.
These new rigs are central to growing ADNOC Drilling’s operational onshore capability and are a direct response to ADNOC’s accelerated manufacturing capability targets, the corporate stated, including that it’s a key enabler of ADNOC’s accelerated manufacturing capability targets of 5 million barrels of decrease carbon depth crude per day by 2027, and reaching gasoline self-sufficiency for the UAE.
The rigs will progressively enter the fleet from the fourth quarter of this yr, with partial income and EBITDA contribution from 2024 and full yr annual contribution from all rigs in 2025. They’re the primary new land rigs acquired as a part of up to date steering which is able to see peak-owned rig rely of 142 by the top of 2024, which compares to IPO steering of 127 rigs by the top of 2030, the assertion reads.
The ten newbuild hybrid energy rigs will likely be constructed by China Petroleum Know-how & Growth Company in China. The models are 1500HP Quick Desert Shifting design with capabilities to work in cluster wells.
The corporate will lease an extra 4 land rigs bringing a complete of 14 new rigs being added to the fleet.
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