"ADNOC for drilling" It wins a contract worth 5.99 billion dirhams to provide integrated drilling services for 5 years
Abu Dhabi, April 17 / WAM / ADNOC Drilling Company announced today that “ADNOC Marine” has established a five -year contract worth 5.99 billion dirhams “1.63 billion US dollars” to provide integrated excavation services “IDS”.
The drawing confirms the “ADNOC Drilling” position within the ADNOC Group, and in the region as a pioneer for advanced and integrated energy services, and reflects the strength of its strategy to expand its fleet and distinguish its services and its capabilities.
Abd al -Rahman Abdullah al -Sayari, CEO of ADNOC Drilling Company, stressed the importance of obtaining a contract of this value in the field of integrated digging services “IDS”, as it is an achievement that confirms the efficiency and effectiveness of the company’s strategies and the great “ADNOC marine confidence” in its capabilities and expertise, and reflects the ability of the services sector in innovation and achieving a high value, which enables it to contribute significantly to promoting the sustainability of the future of energy services in the region.
He added that this achievement confirms ADNOC’s commitment to drilling to operate excellence, and its position is established as a preferred partner in the very flexible sector such as the energy sector, noting that this contract constitutes a model for the company’s long -term contracts, which provides a clear and stable vision of revenues throughout the contract periods, in line with its disciplined approach to building a durable business base, generating fixed cash flows, and supports the provision of sustainable returns For shareholders throughout the market cycle.
The full range of the contract includes services, directional drilling, drilling fluids, cement operations, registration, and baking wells, operation of “landing and lifting” pipes, in addition to providing advanced engineering and technical support to ensure the implementation of excavation operations extending to depths that enable contact with tanks with large capacities to raise productivity.
Tiba Al Hashemi, CEO of ADNOC Naval Company, said that “ADNOC for drilling” is a possibility of head of the accelerated naval efforts to meet the world’s growing energy needs, expressing their happiness to cooperate with it through this contract, and to benefit from its advanced capabilities and comprehensive and pioneering services in the market, to enhance the efficiency and achieve great value for the shareholders and the UAE.
She emphasized that this contract reflects the continuous commitment of “ADNOC for drilling” to operational excellence and innovation and the adoption of artificial intelligence techniques and advanced technology, which enhances its ability to provide comprehensive solutions to improve performance and achieve a great value for its customers.
Al -Hashemi added that the contract is in line with the strategy of the integrated company for growth by supporting the growth of the marine drilling services sector, and the impact of the financial contract has already been included in the current directives of 2025 and 2026, which reflects the clarity of ADNOC Drilling Company’s business model and supports the achievement of the company’s financial goals.
With the growing demand for high -performance advanced energy solutions, the growth of “ADNOC Drilling” portfolio for integrated drilling services (IDS) is the cornerstone of the company’s strategy, to improve the operational feasibility of the fleet, diversify revenue sources, and accelerate the growth and sustainable and long -term returns.
In addition, the integrated drilling services sector “IDS” provides sources of new and fast revenues and enhances the flexibility of the company’s business and enables it to keep pace with and overcome market fluctuations.
The pioneering position of ADNOC Drilling Company in the Integrated Hospital Services Market in the UAE provides wide opportunities for the company to enhance growth and consolidate its leadership in this promising sector.
“ADNOC Drilling” leads the transformation in the energy sector by adopting artificial intelligence, integrating innovative and advanced technology with its broad experience, its wide knowledge of the industry, and the continuous focus on operational efficiency.
Its joint project “Enersol” is a leading investment platform that focuses on artificial intelligence, leads efforts in the era of advanced technology, through the establishment of an integrated and developmental technological system that contributes to meeting the needs of the future energy sector, and supports its subsidiaries, to lead innovation efforts, expand partnerships, and achieve added value.
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