Investor Relations - Drilling

Investor Relations

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ADNOC Drilling
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Capitalizing on ADNOC's ambitious expansion strategy

A unique mandate and unmatched financial profile in the drilling industry​

High visibility, captive growth, substantial earnings and cash flow generation

Drilling is a strategic business of the oil and gas value chain and ADNOC Drilling is a key asset of ADNOC, the Abu Dhabi National Oil Company, whose mission is to manage the vast hydrocarbon reserves and main source of income of the Emirate of Abu Dhabi. As the sole provider of drilling services in Abu Dhabi, we benefit from a unique relationship and a contractual framework with the Group that provides us with an unmatched visibility on our long-term top line growth, returns and cash flow generation.

At the heart of the ADNOC upstream ecosystem, we have, since 1972, built an impressive track record of strong operational and financial performance. Today, as the first national integrated drilling services provider in the region, we are adding a full range of oil field services to our original drilling offering, and are in an advantageous position to serve ADNOC’s ambitious long-term plans to further increase its crude production and to unlock new unconventional gas resources.

owned rigs​
wells delivered​
million feet total distance drilled​​

The rigs we have added to our fleet in H1 22 will support us in delivering on our resolute commitments to our shareholders, including ADNOC.

Abdulrahman Abdulla Al Seiari

CEO, ADNOC Drilling

Latest Announcement

26 September 2022

ADNOC Drilling Purchases Two Further Premium Jack-Up Rigs as Part of Accelerated Growth Strategy ​

ADNOC Drilling Company PJSC (ADNOC Drilling or the Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) today announced it has signed a Sale and Purchase Agreement (“SPA”) to acquire an additional two premium offshore jack-up drilling units (the “rigs”). 

The acquisition, which underpins the company’s accelerated fleet expansion and enterprising growth, is the fourth confirmed by the Company in recent months. Earlier sale and purchase agreements were signed on 30 May (for two rigs), 10 June (one rig) and 24 August (one rig).  

Two New Rigs

Recent Event

Q2 Earnings Release

Please view our earning's webcast held on Tuesday, August 9, 2022:

Webcast Link


Dividend Calendar

ADNOC Drilling Company PJSC Board of Directors announced increased interim fiscal 2022 dividend of $341 million, 7.83 fils per share, increasing by 5% in line with progressive dividend policy. 

ADNOC Drilling intends to pay semi-annual dividends for fiscal year 2023 in April and October.

For any inquiries regarding un-received cash dividends, please contact the CSD department of Abu Dhabi Securities Exchange, at the following contact details:


Tel.: +971 2 612 8666

Upcoming Events

Our next Board meeting with be held Friday, November 11, 2022, in advance of the publication of our financial results for our third quarter ending Friday, September 30, 2022 to take place Monday, November 14, 2022.

Our Operations

Our Operations are organized into four reporting segments: Onshore, Offshore-Jackups, Offshore-Island and Oil Field Services (OFS).

Onshore Drilling is our largest segment generating 50.2% of 2021 revenues with 65 land rigs.

Offshore - Jackups is the second contributor to our business accounting for 26.3 % of revenues with 24 jackups and one barge.

Offshore - Island represented 9% of revenues in 2021 with ten island rigs.

Oil Field Services (OFS) accounted for 14.5% of our revenues in 2021. Established in 2018, the segment allowed ADNOC Drilling to become the first Integrated Drilling Services provider in the Middle East and is expected to grow significantly over the next decade.

2021 revenue
2021 net income
2021 full-year EBIDTA
2021 second half dividend

Dividends and Dividend Policy

Our dividend policy is designed to reflect our expectation of strong cash flow and our expected long-term earnings potential, while allowing us to retain sufficient capital to fund ongoing operating requirements and continued investment for long-term growth.

Operational and Financial Highlights

We demonstrate superior and reliable EBITDA and net income margins compared to anyone among Onshore players, Offshore players or Oil Field Services (OFS) providers in the industry, at respectively 46% and 27% in 2020. The volatility of our historical financial performance is low.

Reports, Presentations and Announcements

Quick access to our documents illustrating our operational and financial performance; corporate reports, presentations and regulatory announcements, since our initial listing on the Abu Dhabi Securities Exchange (ADX) on 3 October 2021.

Stock Market Data

Trading of the ADNOC Drilling shares on the Abu Dhabi Securities Exchange (ADX) commenced on 3 October 2021 under the symbol ADNOCDRILL. The company’s paid up share capital is AED 1.6 billion (one billion six hundred million UAE dirhams) divided into 16,000,000,000 shares, each with a nominal value of AED 0.10.


For nearly 50 years ADNOC Drilling has drilled wells to enable ADNOC to sustainably unlock Abu Dhabi’s oil and gas wealth for the benefit of the nation.


Corporate Video

Corporate Governance

ADNOC Drilling has historically held a strong corporate governance framework which has matured since 2020 and further enhanced pre-IPO to be fully aligned with SCA's corporate governance guidelines.