ADNOC Drilling awarded $806m island rig contract

ADNOC DRILLING COMPANY has announced today that a contract for three island platforms for ADNOC offshore has been awarded for an estimated total value of the $ 806 million contract to support expanding operations in the Zakum Offshore development project.

These three platforms are added to three ordered in July 2024.

Abdulrahman Abdulla al Seiari, CEO of Drilling, said: “Adnoc Drilling is proud to receive this important long -term contract, which marks another important milestone on our accelerated growth trip.

ADNOC drilling island platforms

“These next -generation island platforms, built with integrated artificial intelligence, represent a leap forward in technology, improving safety, efficiency and performance.

“This award strengthens our position as a critical facilitator of ADNOC production capacity, while offering sustainable and high quality yields for our shareholders until 2038 and beyond.”

The contract will follow existing agreements that generate long -term income and attractive yields.

The three new island platforms will operate in the innovative and existing artificial islands of ADNOC to pierce and complete wells.

Tayba Abdul Rahim al Hashemi, executive director of ADNOC offshore, said: “We are focused on unlocking the maximum value of resources in the ABU Dhabi waters in the most efficient and innovative forms possible.

“These advanced island platforms delivered by ADNOC Drilling will play a vital role to achieve our production capacity objectives and meet the demand for global energy. Together, we are pressing the limits of technology, operational excellence and association.” “

This new generation of island platforms, which is expected to gradually join the fleet between 2027 and 2028, will be developed through a strategic collaboration between Drilling and Honghua Group (HH).

The association is specifically formed to incorporate the transforming power of AI, advanced digitalization and real -time analysis in the design and operations of the platform.

To the leverage of the monitoring of the real -time condition, the optimization of performance and predictive analysis, the platforms will generate processable information that promote greater operational efficiency, delivery times of improved wells and greater security.

Designed to operate in the pioneer artificial islands of ADNOC to the five longest wells in the world, including a recent 53,000 -feet record scenario, the platforms will be an optimized range drilling (ERD).

In addition, the avant -garde walking capabilities will allow a movement without problems between the wells of wells without the need to dismantle the platform, significantly improving activity time, reduce emissions and reduce operating costs.

Currently, capital spending is expected to acquire these new island platforms be widely similar to that of the three islands platforms announced in July 2024.