ADNOC drilling wins $1.63 billion offshore services contract

ADNOC Drilling has been awarded a landmark $1.63 billion, five-year contract by ADNOC Offshore to provide Integrated Drilling Services (IDS), reinforcing its position as the region’s leading provider of advanced energy solutions.

The contract covers a full suite of services, including directional drilling, drilling fluids, cementing, wireline logging, and tubular running, along with technical support for complex offshore wells such as extended reach and maximum reservoir contact drilling. Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling, said:

This milestone not only validates our growth strategy but also reflects ADNOC Offshore’s trust in our ability to deliver high-performance, value-driven solutions. IDS is a critical pillar of our future-ready business model — built on innovation, AI integration, and operational excellence.

The deal reflects ADNOC Drilling’s long-term contracting model, offering revenue stability, consistent cash flow, and strengthened shareholder returns. The economic impact is already factored into ADNOC Drilling’s 2025 and 2026 guidance. Tayba Al Hashemi, CEO of ADNOC Offshore, added:

ADNOC Drilling is a strategic partner on our journey to meet growing global energy demand responsibly. Their end-to-end capabilities will drive efficiency and unlock significant value for our shareholders and for the UAE.

This award highlights ADNOC Drilling’s growing IDS portfolio — a fast-rising revenue stream that enhances fleet utilisation, business resilience, and positions the company for long-term, sustainable growth.

Through investments like its AI-centric joint venture Enersol, ADNOC Drilling is pioneering the digital transformation of energy services, fusing cutting-edge technology with deep operational expertise to shape the future of the industry.