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This investment is considered an essential step in the company’s expansion strategy, and is part of its capital investment plans for the next three years.
Program boosts ADNOC Drilling For rapid expansion, the company continues its development and growth path, and supports the plans of "ADNOC" The ambitious goal is to increase its oil production capacity to 5 million barrels per day and achieve gas self-sufficiency for the UAE, while increasing the chances of achieving greater returns for shareholders.
For his part, Abdul Rahman Abdullah Al-Saiari, CEO of ADNOC Drilling, said: "This transaction is another important step in our rapid expansion and growth program, and to meet the growing demand to achieve ADNOC’s ambitious goals of increasing its production capacity from oil Achieving self-sufficiency in gas for a country UAEIn addition to achieving what ADNOC Drilling has committed to providing consistently strong returns to shareholders. It is planned that the new rigs will join ADNOC Drilling’s fleet and start its operations by the third quarter of 2022, which will contribute to achieving significant revenues for ADNOC Drilling for the benefit of our investors and the UAE ".
Since its inclusion in Abu Dhabi Securities Exchange In October 2021, ADNOC Drilling expanded its fleet of rigs to rise from 96 to 104 rigs owned by the company by the end of the first quarter of 2022. This acquisition enhances the company’s strength and position as the largest national drilling company in the Middle East in terms of fleet size, and the company has also adopted other plans To expand backed by a large capital spending programme.
The two new advanced drilling rigs acquired by my company are designed "Well Target Five Limited" And "Well Target Six Limited" by Gusto MSC, and are equipped with separate studs and drilling rig, enhancing their working efficiency.
It is noteworthy that it was announced in March 2022 that ADNOC Drilling had joined the founding members of the Index "Footsie Contact Abu Dhabi Securities Exchange 15 " (Fadax 15), a new index developed under a strategic partnership of the Abu Dhabi Securities Exchange with Footsie Russell, which represents another milestone in the company’s history. This index has been uniquely designed to track the performance of the largest and strongest companies listed on the Abu Dhabi Securities Exchange.
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This investment is considered an essential step in the company’s expansion strategy, and is part of its capital investment plans for the next three years.
Program boosts ADNOC Drilling For the rapid expansion of the company, the continuation of the path of its development and growth, and supports the plans of “ADNOCThe ambitious goal is to increase its oil production capacity to 5 million barrels per day and achieve gas self-sufficiency for the UAE, while increasing the chances of achieving greater returns for shareholders.
For his part, Abdul Rahman Abdullah Al-Sayari, CEO of ADNOC Drilling, said: “This transaction is another important step in our rapid expansion and growth program, and to meet the growing demand to achieve ADNOC’s ambitious goals of increasing its production capacity from oil Achieving self-sufficiency in gas for a country UAEIn addition to achieving what ADNOC Drilling has committed to providing consistently strong returns to shareholders. It is planned that the new rigs will join ADNOC Drilling’s fleet and start its operations by the third quarter of 2022, which will contribute to achieving significant revenues for ADNOC Drilling for the benefit of our investors and the UAE.”
Since its inclusion in Abu Dhabi Securities Exchange In October 2021, ADNOC Drilling expanded its fleet of rigs to rise from 96 to 104 rigs owned by the company by the end of the first quarter of 2022. This acquisition enhances the company’s strength and position as the largest national drilling company in the Middle East in terms of fleet size, and the company has also adopted other plans To expand backed by a large capital spending programme.
The two new state-of-the-art drilling rigs, acquired by Well Target Five Limited and Well Target Six Limited, have been designed by Gusto MSC and are equipped with separate studs and rigs, enhancing their work efficiency.
It is noteworthy that it was announced in March 2022 that ADNOC Drilling had joined the founding members of the “Indicator” index.Footsie Contact the Abu Dhabi Securities Exchange 15” (Fadax 15), a new index developed under the Abu Dhabi Securities Exchange’s strategic partnership with Footsie Russell, which represents another milestone in the company’s history. This index has been uniquely designed to track the performance of the largest and strongest companies listed on the Abu Dhabi Securities Exchange.