ADNOC Drilling

  • ADNOC Announces Offer Price Per Share for ADNOC Drilling IPO

    ADNOC Announces Offer Price Per Share for ADNOC Drilling IPO

    Tuesday, 14th September 2021

    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

    ADNOC Drilling, Helmerich & Payne Enter into Strategic Alliance

    Thursday, 9th September 2021

    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

    ADNOC Drilling to Sell 7.5% of Shares Through IPO

    Monday, 6th September 2021

    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 

    ADNOC Awards Three Contracts Worth $763.7 mm 

    Thursday, 15th July 2021

    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

    ADNOC Drilling Procures Shelf Jack-up for $77.6 MM

    Tuesday, 22nd December 2020

    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 Expands Its Fleet

    Monday, 18th November 2019

    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

    ADNOC Drilling Awards Zentech 3-Year Contract

    Thursday, 4th July 2019

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

  • ADNOC Drilling Completes its First Integrated Drilling Services

    ADNOC Drilling Completes its First Integrated Drilling Services

    Monday, 1st April 2019

    ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced completing its first ‘integrated drilling services’ well in the Al Dabbyia onshore field.

  • Baker Hughes Acquired 5% Stake in ANDOC Drilling for $550 million

    Baker Hughes Acquired 5% Stake in ANDOC Drilling for $550 million

    Monday, 8th October 2018

    Baker Hughes General Electric (BHGE), the world's second-largest services company, has purchased a 5% interest in the Abu Dhabi National Oil Company’s (ANDOC) drilling unit.