Adnoc Drilling’s two brand new jack-ups rigs have arrived in the UAE and will start operating by Q1 2025. This takes the company's fleet size to 142 rigs.

 

Adnoc Drilling is among the largest rig fleet owners in the world, said a Wam news agency report.

 

The new rigs top off a superlative year for ADNOC Drilling and a testament to how well the company has navigated the year.

 

In an analyst note, JP Morgan said: “Since its IPO, Adnoc Drilling has behaved as a high-quality, defensive business and has consistently met and exceeded guidance and expectations. The outstanding performance also reflects positive advancements with Adnoc Drilling’s two joint ventures.”