ADNOC Drilling Company has received a letter of award for a $1.63 billion, five-year contract for Integrated Drilling Services (IDS) from ADNOC Offshore.
This landmark award underscores ADNOC Drilling’s unique position within the ADNOC Group and solidifies its status as the region’s leading provider of advanced, integrated energy services. It highlights the strength of the company’s strategy to expand its fleet, enhance its service offerings, and broaden its capabilities.
The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging, and tubular running services. The award incorporates advanced engineering and technical support for the effective delivery of extended reach and maximum reservoir wells offshore.
Abdulrahman Abdullah Al Seiari CEO – ADNOC Drilling
“We are immensely proud to secure this considerable award, which not only validates our strategic direction but also demonstrates the confidence ADNOC Offshore places in our capabilities. Our IDS offering delivers superior value and innovation, enabling us to play a pivotal role in reshaping the future of energy services in the region. This milestone underscores our commitment to operational excellence, and positions ADNOC Drilling as the partner of choice in an increasingly dynamic and complex energy landscape. This five-year award is a strong reflection of ADNOC Drilling’s long-term contracting model, which provides revenue visibility and stability over the contract period. It aligns with our disciplined approach to building a resilient business foundation, capable of generating consistent cash flow and supporting sustainable shareholder returns through the cycle.”
ADNOC Drilling is leading the transformation of the energy services sector by adopting AI, integrating advanced technologies with deep industry knowledge and expertise with a relentless focus on operational efficiency.
Tayba Al Hashemi, ADNOC Offshore CEO, said that, “ADNOC Drilling is a key enabler on our accelerated journey to responsibly meet the world’s growing energy needs. This contract gives us access to their cutting-edge capabilities and market-leading end-to-end services, which will maximize efficiency and generate significant value for our shareholders and the UAE.”
This contract supports the growing Oilfield Services segment, and its economic impact is already included in the current 2025 and 2026 guidance, underpinning the visibility of ADNOC Drilling’s business model and in support of the Company’s financial targets.
According to the statement, “As the demand for advanced, high-performance energy solutions increases, the growth of ADNOC Drilling’s IDS portfolio is a cornerstone of the Company’s strategy, enhancing fleet utilisation, diversifying revenue streams, and accelerating sustainable and long-term growth and returns.”
