ADNOC Drilling has signed a new $1.15 billion, 15-year contract with ADNOC Offshore. The agreement covers two state-of-the-art jack-up rigs, powered by artificial intelligence and automation. This move will support ADNOC’s production goals while ensuring strong returns and operational efficiency.
These next-generation rigs were built in Sharjah at the Lamprell shipyard. Their construction boosts local industry and supports the UAE’s In-Country Value (ICV) programme by driving local partnerships and fostering innovation. The rigs are scheduled to start operations by late Q2 2025, generating revenue in the second half of the year.
AI-Driven Efficiency and Local Impact
The rigs are equipped with real-time data tools, digital systems, and AI technologies. These innovations will enhance safety, reduce downtime, and increase drilling performance.
ADNOC Drilling’s expanding fleet already includes 47 offshore rigs, making it one of the largest in the world. With this new addition, the company continues its focus on advanced solutions that boost reliability and cut costs.
By building the rigs locally in Sharjah, ADNOC also strengthens the UAE’s position as a hub for energy innovation and manufacturing.
Strong Endorsement from ADNOC Leadership
Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling, stated:
“This new contract confirms ADNOC Drilling’s position as a leader in technology and operational excellence. By using AI and automation, these rigs will deliver top performance and long-term value for ADNOC Offshore.”
He added that the deal ensures stable, recurring revenue until at least 2040, supporting both ADNOC’s production plans and shareholder growth.
Tayba Abdul Rahim Al Hashemi, CEO of ADNOC Offshore, also commented:
“Over the past month, ADNOC Offshore has signed long-term contracts worth $3.6 billion with ADNOC Drilling. These deals will help us meet global energy demand safely and efficiently.”
She emphasised that ADNOC Drilling’s advanced fleet and high-tech services are key to reaching future production targets.
Building a Sustainable and Profitable Future
These long-term contracts highlight the stability and resilience of ADNOC Drilling’s business model. With multi-year deals in place, the company secures a steady path for growth and predictable earnings.
The newly awarded rigs will begin operations in mid-2025, offering reliable revenue while reducing risk for the years ahead. ADNOC Drilling remains a critical enabler of ADNOC’s wider mission to expand energy capacity and ensure a sustainable energy future.
