Adnoc Drilling buys two offshore jack-up rigs to expand its drilling fleet – The National

Adnoc Drilling buys two offshore jack-up rigs to expand its drilling fleet – The National

Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has bought two premium offshore jack-up rigs as it expands and helps parent company Adnoc to boost its crude oil production capacity.

The company signed a sale-and-purchase agreement to acquire the drilling units from Well Target Five and Well Target Six, Adnoc Drilling said in a statement on Monday to the Abu Dhabi Securities Exchange, where its shares are traded.

Since listing on the Abu Dhabi bourse last October, Adnoc Drilling has expanded its fleet to 104 owned rigs as of March 31 from 96.