ADNOC Drilling receives two new offshore drilling platforms

ADNOC Drilling has completed enhancing its operational capabilities by receiving two new offshore drilling rigs of the “jack-up” type, as they are scheduled to start operating during the first quarter of next year 2025, bringing the size of the company’s fleet to 142 drilling rigs, which consolidates its position. Among the largest international drilling companies.

The addition of the two new platforms reflected the success of the company’s strategy in managing its operations during the current year, while an analytical report issued by “JP Morgan” confirmed that the company’s performance since its public offering was characterized by high quality and stable and balanced performance throughout various market cycles, with continued success in exceeding expectations and targets..

ADNOC Drilling also achieved remarkable progress in its two joint projects during the year 2024, as “Inersol” succeeded in completing strategic acquisitions of four companies specialized in oil field services technologies, while “Turnwell” achieved a qualitative achievement by recording a record time in completing the initial drilling operations, which supports the efforts of… Developing non-conventional energy resources in the country.

ADNOC Drilling looks forward to continuing its growth momentum during 2025, especially after raising its financial expectations for the second time this year following strong third-quarter results, as the company is heading towards achieving record performance during the fourth quarter supported by positive growth indicators that indicate achieving at least an average single-digit growth rate with Continuing to expand its operations.