“ADNOC for drilling” wins a contract worth 5.99 billion dirhams

ADNOC Drilling Company announced that ADNOC Marine Company established a five -year contract, worth 5.99 billion dirhams (1.63 billion dollars) to provide integrated drilling services.

The CEO of ADNOC Drilling Company, Abdul Rahman Abdullah Al -Sayari, stressed the importance of obtaining a contract of this value in the field of integrated drilling services, considering 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 in promoting the sustainability of the future of energy services in the region.

He added that this achievement confirms the commitment of “ADNOC to drill” to operate excellence, and its status establishes a preferred partner in the sector of many flexibility, such as the energy sector, indicating that this contract constitutes a model for the company’s long -term contracts that provide a clear and stable vision of revenues throughout the contract periods, in line with its disciplined approach to building a solid business base, generating fixed cash flows, and supports the provision of sustainable returns For shareholders throughout the market cycle.

For her part, the CEO of ADNOC Naval Company, Taibah Al -Hashemi, said that “ADNOC for digging” is a major possibility for the accelerated “ADNOC naval efforts” to meet the growing world’s growing needs.

She emphasized that the contract reflects the continuous “ADNOC Drilling” commitment to operational excellence and innovation, and the adoption of artificial intelligence technologies 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 company’s integrated growth strategy 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 the ADNOC Drilling Company’s business model, and supports achieving the company’s financial goals.