ADNOC Drilling Company has sealed a lucrative deal worth a staggering $220 million to acquire two top-tier offshore jack-up rigs. According to a press statement, the rigs are expected to be delivered to Abu Dhabi waters and commence operations in the fourth quarter (Q4) of 2023. The revenue generated from the new rigs will be […]
ADNOC Drilling
Posted inNews
ADNOC Drilling allocates $75 million for six additional hybrid-power land rigs
ADNOC Drilling Company has signed a $75 million agreement for the purchase of six newbuild hybrid power land rigs, the company revealed in a statement. Honghua Golden Coast will build the rigs and will progressively enter the fleet from the second quarter of 2024, with partial revenue and EBITDA contribution from 2024 and full year […]
Posted inDRILLING & PRODUCTION, Exploration & Production
ADNOC Drilling eyes major drilling growth in Abu Dhabi
In an exclusive interview with Oil & Gas Middle East, CEO of ADNOC Drilling Abdulrahman Abdulla Al Seiari, discusses the company’s fleet expansion, first-quarter results, and increased decarbonisation focus. Can you discuss what projects/plans are in the pipeline for ADNOC Drilling? The pipeline of opportunities in Abu Dhabi is vast and remains our number one […]
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Top 5 oil and gas contracts in the Middle East: April 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Posted inNews
ADNOC Drilling secures $412 million contract for Upper Zakum project
ADNOC Drilling has confirmed the award of a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million from ADNOC Offshore commencing in the second quarter of 2023. ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio. Account to ADNOC Drilling, […]
Posted inEnergy Transition
ADNOC Drilling, Masdar sign deal for geothermal projects
ADNOC Drilling has signed a 5-year deal with Abu Dhabi’s clean energy pioneer Masdar to develop, invest, and advance energy transition globally and in the UAE. Under the scope of the deal, Masdar will work with ADNOC Drilling on geothermal energy projects. The companies will evaluate the potential for ADNOC Drilling to provide geothermal drilling services. […]
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ADNOC Drilling signs $252 million contract for hybrid power land rigs
ADNOC Drilling Co has signed an agreement to purchase ten newbuild hybrid power land drilling rigs for a total of $252 million, the company said on March 2. The use of hybrid power solutions is an essential element of ADNOC Drilling’s “rigorous decarbonisation strategy,” the company noted. The rigs use a high capacity battery and […]
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ADNOC Drilling reports record profits, $10 billion contracts in 2022
ADNOC Drilling Co today reported record breaking net profits totaling $802 million, up 33% year-on-year. Additionally, the company secured over $10 billion of contract backlog during the period, ADNOC Drilling’s CEO Abdulrahman Abdulla Al Seiari noted. The company also achieved record revenue during the fourth quarter of 2022, while its fleet expansion program delivered the […]
Posted inExploration & Production
Top 5 offshore contracts in the Middle East 2022
Here is a list of the top 5 offshore deals secured by contractors in the Middle East
Posted inExploration & Production
ADNOC’s drilling unit to acquire $200 million rigs
ADNOC Drilling has almost doubled its offshore jack-up rig fleet to 32 since early 2021
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