Mega-deals totalling more than $3.4 billion are won by ADNOC Drilling

ADNOC Offshore of the UAE has given ADNOC Drilling two contracts for more than $3.4 billion (AED 12.6 billion) to increase offshore drilling operations and hire eight jack-up rigs to increase production capacity.

These contracts are worth a combined $1.5 billion (AED 5.6 billion) and $1...

Two offshore jack-up drilling units will be acquired by the ADNOC Drilling Company

ADNOC Drilling Company has announced the signing of a sale and purchase agreement (SPA) for the purchase of two more premium offshore jack-up drilling equipment. The investment is a key component of the company's ambitious expansion strategy and is included in its three-year capital expenditu...

Deals worth $1.94 billion have been awarded by Adnoc to facilitate drilling

Abu Dhabi's government-owned Adnoc has given $1.94 billion in framework contracts to several oil service businesses to boost drilling activity.

The majority of the awards went to Adnoc's own oil service subsidiary, Adnoc Drilling, with the rest going to Schlumberger, Hallib...