Drilling
ADNOC Drilling Company announced that KPCHPC has approved the award of two separate contracts for Rig 1 and Rig 2 under Tender No. RFP-2151011 for Kuwait Oil Company (KOC).
The contracts cover the provision and operation of two high-specification offshore jack-up rigs.
The combined maximum value of the two contracts is USD$313.6.
The approval marks ADNOC Drilling’s entry into offshore Kuwait and its first offshore rig operations outside the UAE.
The awards include a four-year fixed term, including mobilisation, with an additional one-year option.
The combined maximum value excludes the optional year. Operations are expected to commence in the fourth quarter of 2027.
Building on ADNOC Drilling’s experience in offshore operations, the awards support the regional expansion pillar of Drill-to-Operate, which identifies strategic partnerships, access to new customers and markets, and new revenue streams as important drivers of long-term growth.
