Following our strongest year on record in 2025, we have delivered a resilient and disciplined start to 2026. This performance reflects the strength of our integrated drilling and energy services model, supported by long-term contracts, high utilization and consistent execution. Our people are central to this performance, maintaining safe and reliable operations while continuing to deploy technologies that drive efficiency and value. As we progress through 2026, we remain focused on disciplined investment, strong cash generation and sustainable long term returns for shareholders, while supporting ADNOC’s production capacity objectives.
Abdulla Ateya Al Messabi
Chief Executive Officer, ADNOC Drilling
$1.23B
Revenue
$0.35B
Net Profit
$0.36B
Free Cash Flow
ADNOC Drilling 1Q 2026 Results
Operational Excellence
ADNOC Drilling delivered its strongest first-quarter performance on record, supported by high utilization, a long-term contracted model and technology-enabled execution across the fleet.
Revenue of $477 million, supported by eight land rigs in Oman and Kuwait after acquiring a 70% stake in SLDC (JV with SLB). Disciplined cost management and operational optimization reinforced resilience in earnings and delivery consistency.
Offshore (Jack-up and Island)
$345 million revenue, driven by two new jack-ups starting operations in the second half of 2025, and two rig conversions from onshore to offshore. Two of the new AI-enabled island rigs arrived from China in the quarter and are expected to gradually begin operations in the second half of 2026 .
Oilfield Services(OFS)
Revenue of $406 million driven by higher IDS activity, the expanded delivery of discrete services and favorable phasing in directional drilling and drilling fluids. OFS activity continued to expand as a key growth engine, reflecting increased activity levels and the continued scaling of technology enabled services.
