“ADNOC Drilling” wins a contract to operate two naval charms

ADNOC Drilling Company announced today, its victory with a contract worth 4.22 billion dirhams for 15 years from ADNOC Navy, to operate two marine vocabulary to support development operations in the marine fields.
This contract is based on existing agreements aimed at achieving long -term revenues and providing rewarding returns.
Abdul Rahman Abdullah Al -Saeari, CEO of ADNOC Drilling Company, said that the contracting of the contract on the company reflects the great confidence in its technical capabilities and the efficiency of its operations and its ability to create a sustainable value in the long term, stressing that the company will provide a distinguished service for its customers in ADNOC Marine by integrating the capabilities of artificial intelligence, automation and digitization, efficiency and effectiveness of performing its latest and most developed excavators.
He added that this contract guarantees the company to continue operating until after the year 2040, and to achieve strong, flexible and clear returns, as well as enhances its role in supporting ADNOC expansion achievements in production, and its efforts to achieve sustainable and long -term growth for its shareholders.
It is noteworthy that “ADNOC Drilling” owns one of the largest sea drilling fleets in the world with 47 naval excavations, which enables it to support the long -term Emirates strategy for energy, and contributes to strengthening reliability and flexibility in its business by raising its capabilities to spread the excavators more quickly to meet the increasing demand for energy with high operational efficiency while continuing to adhere to the highest safety standards.
Tiba Abdel Rahim Al Hashemi, CEO of ADNOC Naval Company said that the company established on ADNOC Drilling long -term contracts of approximately 13.22 billion dirhams during the past month, to accelerate plans to expand the productive capacity safely, noting that the developed “ADNOC fleet” fleet, in addition to the leading integrated drilling services in the market, and advanced technology is the most important possibilities that support the strategy The ambitious “ADNOC”.
Al -Hashemi stressed that this partnership will enhance the “ADNOC marine” efforts to meet the growing global demand for energy, and to achieve the maximum value of its shareholders for upcoming contracts.
The two new excavators are the latest generation of marine excavators, and they are equipped for operation at the hands of experts in the “Lamperrel” basin for shipbuilding in Sharjah, in line with the company’s firm commitment to providing high -quality solutions, supporting national content and contributing to the economic development of the UAE by strengthening local partnerships and focusing on local innovation.
The two excavators will employ advanced digital technologies, data analyzes in actual time and artificial intelligence, reflecting the “ADNOC Drilling” incitement to expand the spread of advanced technology through its fleet, to improve safety levels, raise efficiency, asset value and increase operating times.
Long -term contracts reflect the “ADNOC Drilling” business model with flexibility, stability and a clear strategic vision, which provides rewarding returns, pays the growth of revenues and profits and supports the company’s ability to continue to achieve flexible, increasing and sustainable returns for its shareholders.
It is expected to start the operation of the excavators at the end of the second quarter of 2025, with the second half of 2025 witnessing the start of the two excavations contributions to the company’s revenues. In addition, the awarding of the contract reduces the risks and emphasizes the current “ADNOC drilling” expectations for the year 2025 and the average period.