ADNOC Drilling expands revenue pipeline with new $800m contract

Yahoo

01-07-2025

ADNOC Drilling Company has received a new five-year contract worth up to $800m from compatriot company ADNOC Onshore for integrated hydraulic fracturing services for conventional and tight reservoirs.
This award, set to begin in the third quarter of 2025, builds on a series of recent major deals, bringing the total value of contracts secured by the company to $4.8bn over the past two months.
The contract aligns with Abu Dhabi National Oil Company's (ADNOC's) strategic initiative to accelerate the development of conventional and tight reservoirs across the UAE.
It encompasses the design, execution, and evaluation of multistage hydraulic fracturing treatments. These services will be implemented across various assets in Abu Dhabi to enhance oil and gas flow and optimise production.
ADNOC Drilling CEO Abdulla Ateya Al Messabi said: 'This significant contract is a powerful endorsement of [our] expanding capabilities and our trusted partnership with ADNOC Onshore.
'It reflects our ability to deliver high-impact, technologically advanced fracturing services that will help unlock the UAE's energy potential. As we continue our transformation, we are proud to support the nation's strategic energy goals and reinforce our position as a leader in integrated drilling and completion solutions.'
Under the contract, the drilling subsidiary plans to utilise advanced technologies, including proprietary fracturing simulation software, to maximise efficiency and performance.
Intelligent fluid systems will adjust to reservoir conditions in real-time, while automated pumping units and blending systems will enhance operational safety and efficiency.
Established in 1972, ADNOC Drilling serves as the sole drilling provider for ADNOC.
In May 2025, the company acquired a 70% stake in SLB's land drilling rigs operations in Kuwait and Oman. The acquisition is expected to boost the company's earnings and cash flow from land rigs in these regions.
Separately, tubular solutions provider Vallourec received an order from ADNOC to supply more than 30,000 tonnes of carbon steel tubulars with VAM premium connections.
This order is part of a long-term agreement for oil country tubular goods (specialised steel pipes and tubes used for drilling, completing and producing wells) between the two companies and supports ADNOC's goal of reaching a daily production capacity of five million barrels by 2027.
Production for this order will occur at Vallourec's facilities in Brazil, China, and Indonesia.
"ADNOC Drilling expands revenue pipeline with new $800m contract" was originally created and published by Offshore Technology, a GlobalData owned brand.
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