ADNOC Drilling Secures $1.63 Billion Integrated Drilling Services Contract

ADNOC Drilling Company announced on Thursday that it has been awarded a $1.63 billion, five-year contract for Integrated Drilling Services (IDS) by ADNOC Offshore.

This major contract strengthens ADNOC Drilling's position within the ADNOC Group and highlights its role as a leading provider of advanced energy services in the region. It also reflects the company's successful strategy to grow its fleet, expand its services, and enhance its capabilities.

"We are immensely proud to secure this considerable award, which not only validates our strategic direction but also demonstrates the confidence ADNOC Offshore places in our capabilities," ADNOC Drilling CEO Abdulrahman Abdulla Al Seiari was quoted as saying by WAM.

"Our IDS offering delivers superior value and innovation, enabling us to play a pivotal role in reshaping the future of energy services in the region. This milestone underscores our commitment to operational excellence and positions ADNOC Drilling as the partner of choice in an increasingly dynamic and complex energy landscape," he added.

The five-year contract reflects ADNOC Drilling's long-term strategy, ensuring steady revenue and stability throughout the agreement. This approach helps build a strong business foundation that generates consistent cash flow and supports sustainable returns for shareholders.

The contract includes services such as directional drilling, drilling fluids, cementing, wireline logging, and tubular running. It also involves advanced engineering and technical support for effective offshore operations.

ADNOC Offshore sees ADNOC Drilling as crucial to meeting growing energy demands, benefiting from its advanced services to improve efficiency and deliver value for shareholders and the UAE.

The award highlights ADNOC Drilling's commitment to operational excellence, innovation, and the use of artificial intelligence and advanced technologies to optimize performance and provide value for clients.

This contract contributes to the Oilfield Services sector and is already factored into ADNOC Drilling's 2025 and 2026 financial guidance, supporting the company's business model and financial goals.

ADNOC Drilling is transforming the energy services sector by adopting AI and integrating advanced technologies with industry expertise, focusing on operational efficiency.

Its joint venture, Enersol, is leading the AI-driven energy technology revolution. The platform is building a scalable AI ecosystem that empowers companies in its portfolio to innovate, create synergies, and generate value.