Adnoc and Tubacex sign deal to localise oilfield technology

Adnoc announced the signing of a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, to localise critical oilfield technology, enhancing the resilience of the UAE’s industrial base. The announcement was made at the ‘Make it in the Emirates’ forum in Abu Dhabi.

The agreement grants Adnoc perpetual and exclusive rights to utilise Tubacex’s Sentinel Prime premium tubular joint connection technology, which is critical for completing oil and gas wells while reducing costs and ensuring supply chain resilience.

Tubacex will establish a dedicated research and development (R&D) centre in Abu Dhabi. This facility will act as a hub for advanced engineering and train highly skilled technicians in-country - contributing to the development of local talent.

Musabbeh Al Kaabi, Adnoc Upstream CEO, said, “This strategic partnership secures Adnoc access to an important technology for completing oil and gas wells, reinforcing our role as a reliable global energy provider and our efforts to boost domestic manufacturing capacity.”

“We welcome Tubacex’s investment in a new research and development centre in Abu Dhabi which will enable knowledge and technology transfer, help develop local talent and support the goals of the Make it in the Emirates initiative.”

Tubulars, also known as Oil Country Tubular Goods (OCTG), are specialised steel pipes used in the drilling and completion of oil and gas wells. These components must meet stringent standards for strength, durability and reliability to operate in high-pressure, high-temperature environments deep underground.

Josu Imaz, Tubacex Group CEO, said, “The licencing arrangement with Adnoc confirms Tubacex’s commitment to innovation and excellence in the energy sector and reinforces our position as a strategic contributor for major players in the industry.”

The ‘Make it in the Emirates’ forum is taking place from 19-22 May at Adnec Centre Abu Dhabi. It is the UAE’s flagship industrial event, designed to accelerate the country’s manufacturing ambitions.

Earlier Adnoc on Friday announced multiple agreements with United States (US) energy majors during the United Arab Emirates (UAE)-US business dialogue with US President Donald J. Trump.

The agreements will potentially enable $60 billion of US investments in UAE energy projects across the lifespan of the projects.

The agreements include a landmark field development plan with ExxonMobil and INPEX/JODCO to expand the capacity of Abu Dhabi’s Upper Zakum offshore field through a phased development.

Adnoc also signed a collaboration agreement with Occidental to explore increasing the production capacity of Shah Gas field’s capacity to 1.85 billion standard cubic feet per day (bscfd) of natural gas, from 1.45 bscfd, and accelerating the deployment of advanced technologies in the field.

The agreements reinforce the shared commitment of the UAE and US to maintaining global energy security and the stability of energy markets. The enterprise value of UAE energy investments into the US is set to reach $440 billion by 2035, as part of the UAE’s $1.4 trillion investment plan into the country.

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Adnoc Managing Director and Group CEO, said, “The deep-rooted bilateral relationship between the UAE and the US is underpinned by our shared commitment to enabling energy abundance and we are reinforcing this commitment through these agreements with US energy majors.”