US firm, Weatherford International plc announced in a statement that, it has signed a contract to provide directional drilling services for the stated goal of increasing offshore production in the United Arab Emirates.
The project has been awarded by The Abu Dhabi National Oil Company (ADNOC).
The value of the contract is $220 million. The duration of the contract is three years.
The Contract includes the using of “Weatherford Magnus rotary steerable system” in both re-entry wells and new wells.
“Magnus is demonstrating consistent reliability, a critical element of this contract award,” said Tony Azizi, Vice President of the Arabian Sea Geozone for Weatherford.
Using a push-the-bit design, Magnus addresses operators’ need for speed without sacrificing directional control.
Unique design elements, including a true inclination hold, make Magnus the best-in-market rotary steerable system for maximizing reservoir exposure and monetizing the value of the well.
Weatherford Magnus rotary steerable system:
Operations in some of the world’s most challenging geophysical environments are proving Magnus’ ability to deliver very accurate wellbore placement and wellbore quality, in conditions requiring vertical, lateral or curved directional drilling.
Magnus’ independently controllable and addressable steering pads, in tandem with its unique modular design, allow for increased reliability, improved utilization, efficient turn-around time of idle assets and local repair, all of which will drive greater benefits for ADNOC Offshore.
