Fossil Energy – Jack-up Rigs
ADNOC Drilling has announced the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations.
Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO, said: “This new contract is a clear vote of confidence in ADNOC Drilling’s technical leadership, operational excellence and long-term value creation. By integrating artificial intelligence (AI), automation and digitalization capabilities, the two new jack-up rigs, our newest and most advanced jack-up rigs, will ensure superior efficiency and performance for our client ADNOC Offshore. With this contract securing operations until 2040 and beyond, and providing strong, resilient and predictable returns, we are not only reinforcing our role in achieving ADNOC’s production capacity milestones but also driving sustainable long-term growth for our shareholders.”
With 47 offshore rigs, one of the largest operational offshore fleets in the world, ADNOC Drilling is uniquely positioned to support the UAE’s long-term energy strategy. The scale of the Company’s offshore fleet ensures both reliability and flexibility, enabling the rapid deployment of rigs to meet growing demand while maintaining operational excellence and safety.
The new rigs represent the latest generation of jack-up rigs and have been expertly prepared for operations at the Lamprell shipyard in Sharjah.
The rigs will leverage advanced digitalization, real-time data analytics, and AI as ADNOC Drilling continues to deploy the technology throughout its fleet to improve safety, efficiency, and maximize asset value and operational uptime.
