ADNOC Drilling

ADNOC to Spend $6 Billion to Enable Drilling Growth

The Abu Dhabi National Oil Company (ADNOC) has recorded investments worth up to almost $6 billion to enable drilling growth helping to boosts its crude oil production capacity to 5 million barrels per day (mmbl/d) by 2030 and drives gas self-sufficiency for the UAE.

Adnoc Drilling Records Revenues of $1.7 billion in 9 Months

ADNOC Drilling Company has annonced that it has achieved a strong results during the first nine months of 2021 after recording revenues worth $1.7 billion which increases by 12% year on year(YoY).

ADNOC Drilling Completes Listing in ADX

Abu Dhabi National Oil Company (ADNOC) announced that it has completed the listing of ADNOC Drilling Company on the Abu Dhabi Securities Exchange (ADX).

ADNOC Announces Offer Price Per Share for ADNOC Drilling IPO

The Abu Dhabi National Oil Company (ADNOC) announced that it has determined the offer price per share for the initial public offering (IPO) of ADNOC Drilling Company at AED2.30, with total $10 billion for the equity value.

ADNOC Drilling, Helmerich & Payne Enter into Strategic Alliance

The Abu Dhabi National Oil Company (ADNOC) and its subsidiary ADNOC Drilling Company (ADNOC Drilling) along with Helmerich & Payne, Inc. (H&P) have announced formation of strategic alliance.

ADNOC Drilling to Sell 7.5% of Shares Through IPO

Abu Dhabi National Oil Company (ADNOC) Drilling announced that it plans to offer 7.5% of its shares initial public offering (IPO) to be listed for trading on the Abu Dhabi Securities Exchange (ADX).

ADNOC Awards Three Contracts Worth $763.7 mm 

The Abu Dhabi National Oil Company (ADNOC) has invested $763.7 million in integrated rigless services across six of its artificial islands to support its production capacity expansion to 5 million barrels per day (mmbbl/d) by 2030.

ADNOC Drilling Procures Shelf Jack-up for $77.6 MM

Shelf Drilling signed an agreement with Abu Dhabi National Oil Company’s (ADNOC) subsidiary,  ADNOC Drilling, to sell the Shelf Drilling Journey jack-up drilling rig for $77.6 million.

ADNOC Expands Its Fleet

ADNOC acquired four new cutting-edge land rigs with a total value of over Dh 350 million, which will be added to the fleet in Q1 2020. ADNOC Drilling plans to acquire dozens of additional land, offshore, and island rigs by 2025.

ADNOC Drilling Awards Zentech 3-Year Contract

Zentech will provide comprehensive engineering support for all ADNOC Drilling offshore and onshore rigs.

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