#ADNOC Drilling

ADNOC Drilling secures $2bn offshore jack-up contracts

ADNOC Drilling secures $2bn offshore jack-up contracts

The drilling company said the awarding of the contracts follows more than $11.5bn in long-term contracts announced since the beginning of 2022

ADNOC Drilling

ADNOC Drilling acquires two new jack-up rigs for $220m

The rigs will become operational in the fourth quarter of 2023

ADNOC Drilling acquires 6 rigs

ADNOC Drilling signs $75m deal for six newbuild hybrid power land rigs

The rigs are being built by Honghua Golden Coast and will progressively enter the fleet from the second quarter of 2024

ADNOC Drilling platform

ADNOC Drilling secures $412m contract to develop Upper Zakum oilfield

The contract will enable the efficient delivery of completion services at Upper Zakum field and adds 20 per cent to annual revenue compared with 2022

ADNOC Onshore Drilling Rig

Abu Dhabi’s ADNOC Drilling approves $341m dividend

The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m

ADNOC Drilling to acquire 10 hybrid rigs

ADNOC Drilling to acquire 10 hybrid power land rigs for $252m

The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy

ADNOC Drilling 2022 FY performance

ADNOC Drilling reports $802m net profit in 2022, reflecting a 33% YoY rise

ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn

ADNOC awards $4bn agreements for integrated drilling fluids services

Abu Dhabi’s ADNOC Drilling purchases two offshore jack-up rigs for $200m

The company aims to operate a total fleet of at least 122 owned rigs by 2024

rigs

Abu Dhabi’s ADNOC Drilling purchases three offshore jack-up rigs for $320m

The acquisition supports the company’s accelerated fleet expansion and growth strategy

ADNOC Drilling Rig at Upper Zakum

ADNOC Drilling sets new record for longest well at Upper Zakum Concession

Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017

ADNOC

ADNOC Drilling awarded $1.53bn contract to help expand ADNOC’s offshore operations

Over 80 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

rigs

Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rigs for $140m

The two new rigs will join the ADNOC Drilling fleet and commence operations by the end of the year

ADNOC Drilling

Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rig for $70m

The company has bought a total of four premium offshore jack-up rigs this year

ADNOC awards Adnoc drilliing two contracts

Contracts worth over Dhs12.6bn awarded to ADNOC Drilling to expand offshore drilling activities

Over 80 per cent of the contract value will flow back into the UAE’s economy under ADNOC’s In-Country Value program

ADNOC Drilling confirms $2bn in contracts for Hail, Ghasha Gas Development Project

ADNOC Drilling confirms $2bn contract award for Ghasha mega project

The contracts are valued at $1.3bn for Integrated Drilling Services and $700m for the provision of four island drilling units

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange’s market capitalisation hits $545bn

The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn

EFG Hermes completes advisory on $6.1 bn DEWA IPO

EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX

ADNOC awards framework agreements worth $1.94bn to boost drilling

The framework agreements cover ADNOC’s onshore and offshore fields and will run for five years with an option for an extension

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

ADNOC Drilling

UAE’s ADNOC Drilling reports net profit of $460m for first nine months of 2021

Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn

ADNOC Drilling lists IPO on Abu Dhabi Securities Exchange

The IPO will be the largest-ever listing on the bourse

ADNOC Drilling completes IPO bookbuild raising of over $1.1bn

Total gross demand for the IPO amounted to over $34bn

ADNOC Drilling sets offer price per share for IPO

ADNOC Drilling is expected to list on the ADX on or around October 3, 2021