ADNOC Drilling Company PJSC (ADNOCDRILL) is a UAE-based drilling services provider primarily engaged in offshore and onshore drilling operations for the oil and gas industry. The company offers drilling rigs for both onshore and offshore oil exploration. It operates through four primary segments:
- Onshore Drilling: The company provides land rigs, water wells, and workover rigs, mainly deployed for onshore oil and gas exploration.
- Offshore Jackup: This segment includes the operation of owned Jackups and rentals to meet offshore drilling requirements.
- Offshore Island: ADNOC Drilling provides drilling services through the use of offshore island rigs to support exploration and production in offshore areas.
- Oil Field Services (OFS): This segment offers additional services to support oil exploration and drilling operations, including specialized drilling and maintenance services.
ADNOC Drilling is the largest drilling company in the Middle East, serving ADNOC’s onshore and offshore oil fields.
Operations and Market
ADNOC Drilling plays a critical role in the exploration and extraction of oil and gas in Abu Dhabi. The company has a large fleet of drilling rigs and provides specialized services in land reclamation and dredging operations for the energy sector.
The company also supports marine equipment services and caters to ADNOC’s upstream activities in Abu Dhabi, which is home to one of the world’s largest oil reserves.
Subsidiaries
- Murban Energy Limited
- Mawarid Holding Investment LLC
- Pure Health Medical (indirectly related subsidiary in healthcare)
IPO and Listing
In September 2021, ADNOC Drilling announced the intention to list 11% of its shares on the Abu Dhabi Securities Exchange (ADX). This Initial Public Offering (IPO) became the most successful listing in the emirate’s history, with shares jumping 30% on the first day of trading.
Country of Incorporation
United Arab Emirates (UAE)
Incorporation Date
January 1, 1972
Business Sector
Energy – Fossil Fuels
Company Address
SKEC 2, Zone 1 – E-17, P.O. Box 4017, Abu Dhabi, UAE
