ADNOC Drilling bags $3.8 billion contract

The Abu Dhabi-listed ADNOC Drilling Co. has signed a five-year services contract with ADNOC Onshore for a total value of $3.8 billion.

The contract outlines the company’s work to drive efficiency in crews, rig move time, maintenance schedules, as well as other well services.

“I am delighted, that working together, we will continue to drive value for ADNOC and the UAE, delivering on the 2030 strategic production capacity and gas self-sufficiency targets,” Abdulrahman Abdullah Al-Seiari, CEO of ADNOC Drilling, said.

The contract comes as the Abu Dhabi firm pursues geographical expansion and further development in its offerings.