ADNOC Drilling Wins $980M Contract to Hire Offshore Drilling Rigs

Thursday, October 13, 2022

Abu Dhabi National Oil Company awarded a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs, the company said on Thursday. 

The award will support the expansion of ADNOC's production capacity as it responds to the growing global demand for lower carbon-intensity oil and gas, the company added. 

ADNOC's offshore operations are supporting the company's goal to increase production capacity to five million barrels per day (mbpd) by 2030 and enable gas self-sufficiency for the United Arab Emirates, ADNOC said. 

ADNOC Drilling is critical to delivering on ADNOC's strategic objectives, the statement added. Including the contract announced on Thursday, ADNOC Drilling's awards from ADNOC Offshore in 2022 stand at $5.95 billion. 

(Reporting by Maha El Dahan, writing by Lina Najem; Editing by Christian Schmollinger and Uttaresh.V)

Categories: Middle East Drilling Activity Drilling Rigs

Related Stories

ARO Drilling Welcomes New Jack-Up Rig Named ‘Kingdom 2’

Perenco Marks First Exploration Success Offshore Congo in Three Decades

Seadrill to Sell its Qatar Jack-up Fleet

Current News

Shore Offshore Services Acquires Derrick Barge from TOPS

OneSubsea Scoops 'Sizeable' Contract for Work at Troll Gas Field in North Sea

North Star Inks Contract with Siemens Gamesa for New East Anglia THREE SOV

Ocean Winds Releases Report on Safe UXO Disposal at UK Offshore Wind Farm

Subscribe for OE Digital E‑News