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ADNOC Drilling Company PJSC (ADNOCDRILL) | Abu Dhabi Securities Exchange

8 months ago
1 min read

ADNOC Drilling Company PJSC (ADNOCDRILL) is a UAE-based drilling services provider, primarily engaged in the drilling and support services for the oil and gas industry. The company offers a range of services, including the hiring and operation of onshore and offshore drilling rigs to support oil and gas exploration activities. ADNOC Drilling operates in four key segments:

  • Onshore: Includes land rigs, water wells, and workover rigs, primarily deployed for onshore drilling and concessions.
  • Offshore Jackup: Includes the operation of owned and rented jack-up rigs for offshore drilling.
  • Offshore Island: Focuses on rigs used for island-based offshore operations.
  • Oil Field Services (OFS): Provides a wide array of additional services related to drilling and field operations.

Key Subsidiaries

  • Murban Energy Limited
  • Mawarid Holding Investment L.L.C
  • Pure Health Medical

Operations
ADNOC Drilling is the largest drilling company in the Middle East and operates both onshore and offshore drilling services for ADNOC and other oil and gas entities. The company’s operations are integral to ADNOC’s exploration and production activities in the Emirate of Abu Dhabi.

ADNOC Drilling’s equipment and fleet consist of:

  • Land rigs deployed for onshore projects.
  • Offshore rigs, including jack-up rigs and island rigs for offshore drilling activities.
  • Workover rigs and other specialized services in offshore oil fields.

IPO and Market Presence
ADNOC Drilling went public in 2021 with an 11% IPO on the Abu Dhabi Securities Exchange (ADX), marking the largest IPO in the Emirate at the time. The company’s listing reflects its prominence in the regional and global energy markets.

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

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