#ADNOC Drilling


Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rigs for $140m

The two new rigs will join the ADNOC Drilling fleet and commence operations by the end of the year

ADNOC Drilling

Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rig for $70m

The company has bought a total of four premium offshore jack-up rigs this year

ADNOC awards Adnoc drilliing two contracts

Contracts worth over Dhs12.6bn awarded to ADNOC Drilling to expand offshore drilling activities

Over 80 per cent of the contract value will flow back into the UAE’s economy under ADNOC’s In-Country Value program

ADNOC Drilling confirms $2bn in contracts for Hail, Ghasha Gas Development Project

ADNOC Drilling confirms $2bn contract award for Ghasha mega project

The contracts are valued at $1.3bn for Integrated Drilling Services and $700m for the provision of four island drilling units

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange’s market capitalisation hits $545bn

The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn

EFG Hermes completes advisory on $6.1 bn DEWA IPO

EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX

ADNOC awards framework agreements worth $1.94bn to boost drilling

The framework agreements cover ADNOC’s onshore and offshore fields and will run for five years with an option for an extension

ADNOC announces $548m contract for a new main gas line at its lower Zakum field

ADNOC Drilling announces net profit of $604m for 2021

Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations

ADNOC Drilling

UAE’s ADNOC Drilling reports net profit of $460m for first nine months of 2021

Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn

ADNOC Drilling lists IPO on Abu Dhabi Securities Exchange

The IPO will be the largest-ever listing on the bourse

ADNOC Drilling completes IPO bookbuild raising of over $1.1bn

Total gross demand for the IPO amounted to over $34bn

ADNOC Drilling sets offer price per share for IPO

ADNOC Drilling is expected to list on the ADX on or around October 3, 2021