Adnoc Drilling has secured a major five-year contract from Adnoc Offshore, further cementing its position as the region’s leading provider of advanced energy services and a key player within the Adnoc Group. The deal, announced on Thursday, highlights the company’s long-term contracting model, aimed at ensuring stable revenue and consistent cash flow.
The contract will bolster Adnoc Drilling’s Integrated Drilling Services (IDS) portfolio, a fast-growing segment that supports operational excellence and long-term financial sustainability. While the exact value of the award has not been disclosed, it is already factored into the company’s financial guidance for 2025 and 2026.
Commenting on the agreement, Abdulrahman Abdulla Al Seiari, CEO of Adnoc Drilling, said, “This five-year award reflects our disciplined approach to building a resilient business capable of generating consistent cash flow and sustainable shareholder returns. It validates our strategic direction and showcases Adnoc Offshore’s confidence in our innovative IDS offerings, which are reshaping the future of energy services in the region.”
Tayba Al Hashemi, CEO of Adnoc Offshore, emphasized the importance of the partnership, stating, “Adnoc Drilling’s cutting-edge capabilities and market-leading services will maximise efficiency and deliver significant value for our shareholders and the UAE. They are a key enabler in our mission to responsibly meet global energy demands.”
The award comes at a time when Adnoc Drilling is accelerating the integration of advanced technologies and artificial intelligence into its service offerings. The company’s IDS model, which provides end-to-end solutions from planning to execution, has become a critical factor in improving drilling efficiency and reducing operational costs.
This latest contract follows a series of high-value deals secured by Adnoc Drilling in recent years. In 2023, the company won a $733 million IDS contract from Adnoc Offshore, followed by a $412 million agreement in 2024 for the deployment of advanced drilling technologies. Together, these contracts demonstrate Adnoc Drilling’s ability to meet the increasingly complex demands of the energy sector.
Industry analysts view the award as a reflection of the company’s strong strategic vision and its ability to deliver innovative, cost-effective solutions. The deal also reinforces investor confidence in Adnoc Drilling’s business model, which continues to perform strongly despite market fluctuations.
Beyond the immediate financial benefits, the contract is expected to contribute to the UAE’s broader energy ambitions by driving innovation, boosting efficiency, and supporting the country’s status as a global energy hub.
