Adnoc Drilling Secures $1.63 Billion Contract with ADNOC

UAE-based Adnoc Drilling has recently announced that it has been awarded a $1.63 billion contract from the state-owned Abu Dhabi National Oil Company (ADNOC). This significant five-year deal is set to solidify Adnoc Drilling’s position as a key player in the Middle East’s drilling sector.

The contract entails providing integrated drilling services for ADNOC Offshore, showcasing Adnoc Drilling’s expertise and capabilities in the industry. Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling, expressed his confidence in the long-term contracting model, emphasizing the revenue visibility and stability it brings over the contract period.

Under the terms of the agreement, Adnoc Drilling will offer a range of services including directional drilling, drilling fluids, cementing, wireline logging, and tubular running services. This comprehensive approach highlights the company’s commitment to delivering high-quality solutions to its clients.

With this latest contract award, Adnoc Drilling further solidifies its position within the Adnoc Group and strengthens its reputation as the leading provider of advanced, integrated energy services in the region. The company’s dedication to excellence and innovation continues to drive its success in the competitive oil and gas market.