Adnoc appoints advisor for drilling unit IPO – MEED

Adnoc appoints advisor for drilling unit IPO – MEED

The Abu Dhabi energy major is considering a potential stock listing of its subsidiary Adnoc Drilling

Abu Dhabi National Oil Company (Adnoc) has appointed Goldman Sachs to a lead role on a potential initial public offering (IPO) of its drilling business.

Goldman Sachs will work on Adnoc Drilling's public share-sale as global coordinator, joining a large syndicate of advisors on the deal, according to a report by Reuters.