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Thursday, May 29, 2025 0:16 GMT

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Top News of UAE

UAE's Adnoc Drilling Nets Contract for 2 Jack-Up Rigs

published:28/05/2025 02:11 GMT

Adnoc Drilling Company has received a US$1.US$15-billion, 15-year contract for two jack-up rigs from Adnoc Offshore in support of its growing offshore operations. The contract will follow existing agreements, bringing accretive rates that generate long-term revenue and attractive returns, a statement said. Abdulrahman Abdulla Al Seiari, Adnoc Drilling CEO, said: “This new contract is a clear vote of confidence in ADNOC Drilling’s technical leadership, operational excellence and long-term value...More


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