RIYADH: ADNOC Drilling Co. has inked a sale and purchase agreement to acquire an additional two premium offshore jack-up drilling units, as it accelerates its expansion efforts.
This comes in line with the Abu Dhabi-based company’s target to deliver 5 million bpd production capacity and realize gas self-sufficiency for the UAE, according to a statement.
"The new drilling units will join the ADNOC Drilling fleet and start operations in the third quarter 2022, enabling considerable revenue for the company to the benefit of our investors and the United Arab Emirates,” CEO Abdulrahman Abdullah Al Seiari said.
The two new drilling units were acquired from Well Target Five Limited and Well Target Six Limited.
