emirates7 - ADNOC Drilling Company announced that it has secured a letter of award for a five-year Integrated Drilling Services (IDS) contract valued at $1.63 billion from ADNOC Offshore.
This significant contract highlights ADNOC Drilling’s strategic importance within the ADNOC Group and its role as the region’s premier provider of advanced, integrated energy solutions. It also reflects the company’s successful efforts to expand its fleet, broaden its service offerings, and enhance its capabilities.
Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling, expressed pride in receiving the contract, stating that it affirms the company’s strategic vision and the trust ADNOC Offshore places in their expertise. He emphasized that the IDS offering brings high-value, innovative services that are reshaping the regional energy landscape. This milestone, he added, strengthens ADNOC Drilling’s position as a preferred partner in a rapidly evolving industry, while reaffirming its commitment to operational excellence.
The contract is a testament to ADNOC Drilling’s long-term contracting model, which ensures revenue stability and visibility. It aligns with the company’s disciplined strategy of building a resilient and sustainable business foundation that delivers consistent cash flow and supports strong shareholder returns.
Under the agreement, ADNOC Drilling will provide a range of services including directional drilling, drilling fluids, cementing, wireline logging, and tubular running, as well as advanced engineering and technical support for offshore extended-reach and high-yield reservoir wells.
Tayba Al Hashemi, CEO of ADNOC Offshore, noted that ADNOC Drilling plays a vital role in the company’s efforts to responsibly meet the world’s growing energy demand. She added that the contract provides access to ADNOC Drilling’s state-of-the-art capabilities and integrated services, enhancing efficiency and delivering substantial value to shareholders and the UAE.
This contract is a strong endorsement of ADNOC Drilling’s ongoing commitment to innovation, operational excellence, and the use of artificial intelligence and cutting-edge technologies. It reinforces the company’s ability to provide end-to-end solutions that improve performance and significant client value.
The agreement supports the expansion of ADNOC Drilling’s Oilfield Services segment and its impact is already factored into the company’s 2025 and 2026 financial projections, underscoring the predictability of its business model and its alignment with financial goals.
As demand for advanced, high-efficiency energy services continues to rise, the growth of the IDS segment remains a key element of ADNOC Drilling’s strategic plan. It drives greater fleet utilisation, diversifies income sources, and promotes long-term, sustainable growth and returns.
The IDS division contributes a relatively new and rapidly expanding revenue stream, strengthening the company’s resilience and adaptability through industry cycles. As the leading IDS provider in the UAE, ADNOC Drilling is well-positioned to capture additional market opportunities and reinforce its leadership in this high-growth area.
ADNOC Drilling is at the forefront of transforming the energy services industry through the integration of artificial intelligence and advanced technology with deep sector expertise, all while maintaining a sharp focus on operational efficiency.
Through its joint venture Enersol, an AI-driven investment platform, ADNOC Drilling is pioneering the development of a scalable, tech-forward ecosystem. This platform empowers its portfolio companies to lead in innovation, optimise synergies, and deliver enhanced value.
This significant contract highlights ADNOC Drilling’s strategic importance within the ADNOC Group and its role as the region’s premier provider of advanced, integrated energy solutions. It also reflects the company’s successful efforts to expand its fleet, broaden its service offerings, and enhance its capabilities.
Abdulrahman Abdulla Al Seiari, CEO of ADNOC Drilling, expressed pride in receiving the contract, stating that it affirms the company’s strategic vision and the trust ADNOC Offshore places in their expertise. He emphasized that the IDS offering brings high-value, innovative services that are reshaping the regional energy landscape. This milestone, he added, strengthens ADNOC Drilling’s position as a preferred partner in a rapidly evolving industry, while reaffirming its commitment to operational excellence.
The contract is a testament to ADNOC Drilling’s long-term contracting model, which ensures revenue stability and visibility. It aligns with the company’s disciplined strategy of building a resilient and sustainable business foundation that delivers consistent cash flow and supports strong shareholder returns.
Under the agreement, ADNOC Drilling will provide a range of services including directional drilling, drilling fluids, cementing, wireline logging, and tubular running, as well as advanced engineering and technical support for offshore extended-reach and high-yield reservoir wells.
Tayba Al Hashemi, CEO of ADNOC Offshore, noted that ADNOC Drilling plays a vital role in the company’s efforts to responsibly meet the world’s growing energy demand. She added that the contract provides access to ADNOC Drilling’s state-of-the-art capabilities and integrated services, enhancing efficiency and delivering substantial value to shareholders and the UAE.
This contract is a strong endorsement of ADNOC Drilling’s ongoing commitment to innovation, operational excellence, and the use of artificial intelligence and cutting-edge technologies. It reinforces the company’s ability to provide end-to-end solutions that improve performance and significant client value.
The agreement supports the expansion of ADNOC Drilling’s Oilfield Services segment and its impact is already factored into the company’s 2025 and 2026 financial projections, underscoring the predictability of its business model and its alignment with financial goals.
As demand for advanced, high-efficiency energy services continues to rise, the growth of the IDS segment remains a key element of ADNOC Drilling’s strategic plan. It drives greater fleet utilisation, diversifies income sources, and promotes long-term, sustainable growth and returns.
The IDS division contributes a relatively new and rapidly expanding revenue stream, strengthening the company’s resilience and adaptability through industry cycles. As the leading IDS provider in the UAE, ADNOC Drilling is well-positioned to capture additional market opportunities and reinforce its leadership in this high-growth area.
ADNOC Drilling is at the forefront of transforming the energy services industry through the integration of artificial intelligence and advanced technology with deep sector expertise, all while maintaining a sharp focus on operational efficiency.
Through its joint venture Enersol, an AI-driven investment platform, ADNOC Drilling is pioneering the development of a scalable, tech-forward ecosystem. This platform empowers its portfolio companies to lead in innovation, optimise synergies, and deliver enhanced value.