ADNOC Drilling

ADNOC Drilling secures five-year, $800 million contract for oilfield services

July 1, 2025

(World Oil)– ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services

ADNOC Drilling CFO sees $500 million of acquisitions this year

May 12, 2025

(World Oil) – The drilling unit of the United Arab Emirates’ biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth. Two of the deals will be for businesses developing artificial intelligence applications, ADNOC Drilling Co. Chief Financial Officer Youssef Salem said

ADNOC Drilling reports record $1.3 billion net profit from 2024

February 14, 2025

(World Oil) – ADNOC Drilling has announced record financial results for the fourth quarter and full year ending December 31, 2024. Full-year revenue $4.03 billion, +32% year-on-year Full-year EBITDA $2.01 billion, +36% year-on-year, 50% margin Full-year net profit $1.30 billion, +26% year-on-year, 32% margin “Our record-breaking financial performance demonstrates our constant commitment to maximizing growth and returns for our shareholders, while

ADNOC Drilling secures five-year, $800 million contract for oilfield services

ADNOC Drilling CFO sees $500 million of acquisitions this year

ADNOC Drilling reports record $1.3 billion net profit from 2024

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