Adnoc Drilling added four jack-ups during the period, which should start working in December. It now has 124 rigs in its fleet.
Abdulrahman Abdullah Al Seiari
The company said the new rig order was a “direct response” to Adnoc’s production targets. It aims to reach 5 million barrels per day of capacity by 2027, in addition to achieving gas self sufficiency for the United Arab Emirates.
Adnoc Drilling has bought another two jack-ups for $200 million, as it continues its expansion programme.
Adnoc Drilling has bought three more jack-ups for $320 million as the company continues to expand to tap into Middle Eastern demand.
Adnoc Drilling has reported its results for the first nine months of 2022, with net profit up 24% and EBITDA up 12%.
Adnoc Drilling has drilled a new world record for the longest well, at the Upper Zakum concession.
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Adnoc Drilling has bought its fourth jack-up rig this year, bringing its total to 28, one of the largest such fleets in the world.