Adnoc Drilling will buy the next 3 self-elevating floating drilling rig (SEFDR) for 320 million dollars to expand the drilling fleet

With the latest acquisition, the company’s fleet will have 30 offshore self-lifting rigs.

Adnoc Drilling, the largest national drilling company in the Middle East by rig size, has signed an agreement to acquire self-elevating floating drilling rig (SEFDR) for $320 million as part of its expansion and growing Adnoc’s oil production capacity.

In 2022, Adnoc Drilling won contracts worth $8.85 billion. The company plans to buy dozens of drilling rigs by 2025 to meet Adnoc’s 5 million bpd oil production target by 2030.