ADNOC Drilling has signed a US$3.8bn five-year drilling services agreement with ADNOC Onshore for the continued provision of drilling, workover and other well services
Abdulrahman Abdullah Al Seiari, CEO of ADNOC Drilling, said, “ADNOC Onshore is a valued and long-standing customer and this contract award further extends a 50-year profitable and unique partnership.”
“We will continue to drive value for ADNOC and the UAE, delivering on the 2030 strategic production capacity and gas self-sufficiency targets. Advanced technologies and digitalisation are at the heart of this agreement, as ADNOC Drilling continues to improve efficiencies, drive further growth opportunities, while minimising our environmental footprint.”
Following its record ADX listing on 3 October 2021, ADNOC Drilling released its first earnings on 10 November 2021, showing strong and resilient growth for the third quarter and first nine months of the year. The company’s growth journey includes geographical expansion and further development of ADNOC Drilling’s oilfield services offering.
