ADNOC Drilling announced it has been awarded a five-year contract worth AED 5.99 billion (approximately USD 1.63 billion) by ADNOC Offshore to deliver Integrated Drilling Services (IDS), further solidifying its position as a leading provider of advanced energy services within ADNOC Group and across the region.
The comprehensive contract covers directional drilling, drilling fluids, cementing operations, well logging and evaluation, pipe running services, and advanced technical support — all aimed at executing deep drilling operations that connect to high-capacity reservoirs to enhance productivity.
Abdulrahman Abdullah Al Seiari, CEO of ADNOC Drilling, emphasized that securing a contract of this scale highlights the strength of the company’s strategy and the trust placed in its capabilities by ADNOC Offshore. He noted that this long-term agreement provides operational stability, sustained cash flows, and consistent returns for shareholders, all while reinforcing ADNOC Drilling’s role as a reliable partner in the ever-evolving energy sector.
Dr. Tayba Al Hashemi, CEO of ADNOC Offshore, praised the collaboration, stating that ADNOC Drilling plays a key role in accelerating ADNOC’s responsible response to growing global energy demand. She added that the contract reflects the company’s commitment to operational excellence, innovation, and the adoption of advanced technologies and AI to maximize value creation.
As global demand rises for high-performance energy solutions, ADNOC Drilling’s growing IDS portfolio serves as a cornerstone of its strategy to improve fleet efficiency, diversify revenues, and drive long-term, sustainable growth.
The company is also advancing digital transformation in the energy sector through its joint venture “Enersol,” a cutting-edge AI investment platform designed to build a scalable tech ecosystem that fuels innovation, strengthens partnerships, and delivers future-ready energy solutions.
Source: CNN Business