ADNOC Drilling has secured a $1.63 billion deal from another ADNOC Group entity, further expanding its portfolio of oilfield services. This five-year contract will see ADNOC Drilling provide integrated drilling services to ADNOC Offshore.
Contract Scope and Services
The deal includes the provision of directional drilling, drilling fluids, cementing, wireline logging, and tubular running services. Additionally, the agreement incorporates advanced engineering and technical support to effectively deliver extended reach and maximum reservoir wells offshore.
Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling, commented, “This five-year award is a strong reflection of ADNOC Drilling’s long-term contracting model, which provides revenue visibility and stability over the contract period.”
Economic Impact and Growth
This contract further strengthens ADNOC Drilling’s expanding oilfield services business. The economic impact of the deal is already accounted for in the company’s 2025 and 2026 guidance.
