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Adnoc Drilling awarded $806м contract for 3 new island rigs

Khaleej Times

|

May 06, 2025

Adnoc Drilling announced on Monday that it has been awarded a contract for three island rigs by Adnoc Offshore for an estimated total contract value of $806 million to support expanding operations at the offshore Zakum development project.

Adnoc Drilling awarded $806м contract for 3 new island rigs

These three rigs are in addition to three ordered in July 2024.

The contract will follow existing agreements that generate long-term revenue and attractive returns. The three new island rigs will operate on Adnoc’s existing and newly constructed artificial islands for drilling and completion of wells.

This new generation of island rigs, expected to gradually join the fleet between 2027 and 2028, will be developed through a strategic collaboration between Adnoc Drilling and Honghua Group. “The partnership is formed specifically to embed the transformative power of AI, advanced digitalisation and real-time analytics into rig design and operations,” a statement said.

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