ADNOC receives the first wells of the unconventional energy program from Turnwell

ADNOC Drilling announced yesterday the completion of the deal to establish the joint venture “Turnwell Industries, LLC, OPC Turnwell”, between ADNOC Drilling, SLP, and Patterson-UTI.

The CEO of ADNOC Drilling, Abdul Rahman Abdullah Al-Sa’ari, said: “The completion of the Turnwell joint venture deal with SLP and Patterson-UTI supports the efforts to implement the company’s plans aimed at enhancing the abundant unconventional energy sources in the UAE.” “This enhances its global leadership position in providing energy sources responsibly.”

He added that the establishment of “Turnwell” is a major achievement, the effectiveness of which was actually reflected in the company’s effective contribution to enhancing the efficiency of operations, and the delivery of the first wells within the unconventional energy program in record time.

The joint project reinforces a strong partnership that leads the UAE’s non-conventional energy sources program. According to the agreement signed between the companies, ADNOC Drilling will obtain a majority stake of 55%, while SLP, the largest oil field services provider in the world, will obtain a 30% stake, and the remaining 15% will go to Patterson-UTI. » The leading company in the field of drilling and preparing wells in the United States of America.

Earlier this year, Turnwell announced the acceleration of drilling the first 144 unconventional wells after a successful operational start thanks to the support, guidance and planning provided by the project’s founding companies, ADNOC Drilling, SLP and Patterson-UTI. ».

Turnwell will continue to search for great future opportunities in the field of non-conventional energy sources in the UAE. Turnwell achieved the fastest drilling time to date within the initial program of drilling 144 wells, reaching 19.9 days, with the expectation of significantly enhancing efficiency.

The company achieved a 13% improvement in well delivery time within the First Wells Program compared to the previous record, and reduced well delivery time by 53% for the four wells within the platform’s scope of work.

Turnwell employed advanced measuring techniques during drilling, advanced designs of drilling heads, and new-generation rotary guidance systems, which contributed to reducing costs and time, and strengthened the company’s position on the right path to success by achieving the goal of delivering low-cost wells.

It is worth noting that Abu Dhabi possesses large potential reserves of non-conventional energy sources estimated at 220 billion barrels of oil and 460 trillion cubic feet of gas.

Extracting these sources will require drilling thousands of wells, in addition to 144 initial wells. Turnwell will employ the latest artificial intelligence innovations in drilling design, completion engineering, and production solutions to responsibly provide and secure the UAE’s needs for non-conventional energy sources.

Turnwell also benefits from its direct relationship with Enersol, ADNOC Drilling’s joint venture with Alpha Dhabi, which invests in companies that provide innovative energy services technology and achieve greater operational efficiency, and acquires their intellectual property rights.