emirates7 - ADNOC Drilling has expanded its fleet with the arrival of two new jack-up rigs in the UAE, bringing the total fleet size to 142. These additions solidify ADNOC Drilling's position as one of the world's largest rig fleet operators. The new rigs mark the conclusion of a highly successful year for the company, highlighting its resilience and exceptional performance throughout 2024.

JP Morgan, in an analyst note, stated, “Since its IPO, ADNOC Drilling has demonstrated the qualities of a high-performing, defensive business, consistently surpassing guidance and expectations. Its remarkable achievements also highlight the progress made through its two joint ventures.”

This year, ADNOC Drilling made significant advancements, including Enersol's acquisition of four oilfield services technology firms and Turnwell's record-breaking initial well delivery time, which accelerated the development of the UAE's unconventional energy reserves.

Looking ahead to 2025, ADNOC Drilling anticipates even greater milestones. Following its raised guidance in the third quarter for the second time this year, the company is poised for its strongest-ever fourth quarter. With a projected mid-single-digit sequential growth, ADNOC Drilling continues to scale up its operations and maintain its trajectory of success.