ADNOC Drilling awarded five year drilling contract with ADNOC
ADNOC Drilling signed a five-year drilling services agreement with ADNOC Onshore for the continued provision of drilling, workover and other well services for a total value of US $3.8 billion.
“I am delighted that working together, 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 digitalization are at the heart of this agreement, as ADNOC Drilling continues to improve efficiencies, drive further growth opportunities, while minimizing our environmental footprint,” said Abdulrahman Abdullah Al Seiari, Chief Executive Officer of ADNOC Drilling.
The company said that this agreement will underpin ADNOC Drilling’s position as sole drilling services provider to ADNOC and will advance ADNOC Drilling’s ambitious growth and expansion plans.
ADNOC Drilling is the only provider of fully Integrated Drilling Services (IDS) in the region. The company was listed on Abu Dhabi’s exchange ADX on October 3rd of this year.
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