ADNOC acquires two jackup rigs
ABU DHABI, May 31, 2022 – ADNOC Drilling has signed a sale and purchase agreement with Well Target Five and Well Target Six for two jackup rigs, the national drilling company announced on Monday.
Acquisition of the independent leg cantilever rigs will be finalised in Q3 2022.
The move is in line with ADNOC’s aim to produce 5 million bpd by 2030.
ADNOC Drilling is the Middle East’s largest company by fleet size.
“This is another important step in our fast-paced expansion and growth program, ensuring we meet increasing demand as we enable ADNOC’s ambitious oil and gas production capacity growth as well as achieving gas self-sufficiency for the UAE,” said Abdulrahman Abdullah Al Seiari, CEO of ADNOC Drilling,
Read our latest insights on:
Ports and the energy transitionINTERVIEW