Deals worth $1.94 billion have been awarded by Adnoc to facilitate drilling

Abu Dhabi's government-owned Adnoc has given $1.94 billion in framework contracts to several oil service businesses to boost drilling activity.

The majority of the awards went to Adnoc's own oil service subsidiary, Adnoc Drilling, with the rest going to Schlumberger, Halliburton, and Weatherford from the United States. The five-year agreements, which Adnoc describes as "the largest of their type," encompasses c....