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6 FAQs about [Purchase adnoc drilling rig fleet vendor]
Why did ADNOC acquire three new jack-up rigs?
The acquisition supports the company’s accelerated fleet expansion and growth strategy Abu Dhabi-based ADNOC Drilling Company has signed an agreement to acquire three new premium offshore jack-up drilling units (rigs), for a combined cost of $320m.
How many rigs does ADNOC Drilling have?
Since its listing on the Abu Dhabi Securities Exchange in October of last year, ADNOC Drilling has expanded its fleet from 95 to 108 owned rigs, as of September 30, 2022. With the latest addition, the company will operate one of the largest offshore jack-up fleets in the world with 30 rigs.
How much is ADNOC Drilling worth?
ADNOC Launches Major Rig Fleet... First phase of expansion includes the acquisition of four UAE-made rigs, bringing the total value of ADNOC Drilling’s rigs manufactured in the UAE to over AED 7 billion ($1.9 billion) ADNOC Drilling plans to acquire dozens of rigs by 2025 to support ADNOC’s oil production capacity target of 5 million bpd by 2030
What is ADNOC Drilling?
Abu Dhabi, UAE – November 14, 2019: ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today a major rig fleet expansion program to support ADNOC’s upstream growth plans and enable the delivery of its 2030 Smart Growth Strategy.
Will ADNOC expand its drilling rig fleet by 2025?
ADNOC Drilling, the UAE-based drilling subsidiary of Abu Dhabi’s national oil company ADNOC, has announced plans to expand its drilling rig fleet by ordering dozens of drilling rigs by 2025. This expansion supports ADNOC’s upstream growth plans and enables the delivery of its 2030 Smart Growth Strategy.
What does ADNOC's rig fleet expansion mean for Abu Dhabi?
Abdulmunim Saif Al Kindy, ADNOC Upstream Executive Director and Chairman of the Board of Directors of ADNOC Drilling, said: “ADNOC Drilling’s rig fleet expansion underscores ADNOC’s drive to unlock and maximize value from Abu Dhabi’s vast hydrocarbon resources and will further improve drilling and well-completion efficiencies.