ADNOC Drilling has completed the formation of Turnwell Industries LLC OPC, a joint venture with SLB and Patterson-UTI, to develop the UAE’s unconventional oil and gas resources.
“Closing the Turnwell JV with SLB and Patterson-UTI advances our plans to unlock the UAE’s world-class unconventional energy resources, reinforcing the UAE’s position as a global leader in the responsible supply of energy,” said Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling.
In this partnership, ADNOC Drilling holds a 55% stake, SLB 30%, and Patterson-UTI 15%. The venture aims to accelerate the drilling of 144 unconventional wells by the end of 2025, utilising advanced technologies such as AI-driven smart drilling design and completion engineering.
Abu Dhabi’s unconventional reserves are estimated at 220 billion barrels of oil and 460 trillion cubic feet of gas. The development of these resources is expected to require thousands of wells beyond the initial 144.
Turnwell has already achieved a record well delivery time of 19.9 days in its current drilling campaign, indicating significant efficiency improvements.
The joint venture will also benefit from collaboration with Enersol and ADNOC Drilling’s partnership with Alpha Dhabi, which invests in innovative energy services technologies to enhance operational efficiency.
