Adnoc awards $1bn barge contract to Adnoc L&S

Adnoc has awarded a $1.17 billion contract to its Adnoc Logistics & Services (L&S) unit to provide 13 self-propelled jack-up barges.

The contract will run for five years. Adnoc said this would help deliver its 5 million barrel per day by 2030 target.

In addition to the barges, Adnoc will hire manpower and equipment, it said. They will work on…