ADNOC Drilling has secured five 10-year contracts worth around $2 billion to support ADNOC Offshore’s drilling operations. These contracts were awarded considering the favorable conditions in the offshore jack-up market, including higher day rates. The contracts involve the chartering of five high-specification, premium jack-up rigs, as well as providing all the necessary manpower and equipment. These agreements will support drilling operations in five fields within ADNOC’s offshore portfolio. It’s a significant achievement for ADNOC Drilling and demonstrates its commitment to expanding and enhancing its offshore drilling capabilities.
June 23, 2023