ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding have formed a joint venture (JV) to pursue global investments in energy technology and services. The JV, incorporated at Abu Dhabi Global Market, has made its first investment in Gordon Technologies, a US-based provider of measurement while drilling (MWD) technology, valued at $180 million. The…
ABU DHABI, UAE: ADNOC Drilling Company has announced the signing of an agreement to acquire two high-specification Gusto MSC CJ46 design offshore jack-up drilling units. The acquisition, totaling $220 million, is in line with the company’s fleet expansion and growth strategy and will significantly contribute to ADNOC’s accelerated production capacity growth. The two premium rigs…
ABU DHABI, UAE: ADNOC Drilling Company has signed a five-year Drilling Services Agreement with ADNOC Onshore for the continued provision of drilling, workover and other well services. The contract will run for up to 5 years, for a total value of $3.8 billion. Structured to drive efficiency in work crews, rig move time and maintenance…
ABU DHABI, UAE: The inaugural ADNOC Drilling Board meeting was chaired by Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, as well as ADNOC Drilling Chairman, approved ADNOC Drilling’s ambitious five-year business growth plan for 2022 to 2026, as well as the 2022 budget. These key approvals reinforce ADNOC Drilling’s integral position…