Investor Relations - Drilling

Investor Relations

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​​

Our first quarter results are particularly pleasing as they clearly demonstrate the effective execution of our strategy, to grow earnings by expanding our fleet and our offering, for the benefit of our customers and our shareholders.

Abdulrahman Abdulla Al Seiari

CEO, ADNOC Drilling

Latest Announcement

11 May 2023

ADNOC Drilling Announces Strong 1Q 2023 Year-on-Year Earnings Growth, Driven by Accelerated Rig Fleet and Service Offering Expansion​

ADNOC Drilling Company PJSC (ADNOC Drilling or the Company) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) today announced its financial results for the 1Q-2023.


1Q-2023- Press release

Upcoming Events

ADNOC Drilling's Annual General Meeting (AGM) will be held on Monday, April 3, 2023.

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

Recent Event

Full year 2022 results release

Please view our Full Year 2022 financial results conference call and webcast held on Monday, February 13, 2023:

Webcast Link

Our Operations

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

Onshore Drilling is our largest segment generating 54.3% of 2022 revenues with 74 land rigs. 

Offshore - Jack-ups is the second contributor to our business accounting for 22.8% of 2022 revenues with 31 jack-ups and one barge.

Offshore - Island represented 7.6% of revenues in 2022 with ten island rigs.

Oil Field Services (OFS) accounted for 15.1% of our revenues in 2022. 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.

2022 net profit
New rigs in 2022
Total rig fleet

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

ADNOC Drilling’s revenue for the year increased to $2.67 billion, up a robust 18% compared to 2021. Year-on-year revenue growth was led by the Onshore and Oilfield Services (OFS) segments, while all segments achieved positive year-on-year performance.

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.


Scam Alert

Fraudsters are advertising fake investment opportunities. ONLY refer to official ADNOC Drilling channels for investor information. The fraudster poses as a representative of ADNOC Drilling, pretending to offer an opportunity to contract with ADNOC Drilling. This is either to provide goods or services to ADNOC Drilling or to propose an investment opportunity. 

Often - but not always - the fraud involves a request for you to pay money to them in order to win the contract or participate in the investment.
ADNOC Drilling will never ask for money from a third party to participate in its procurement process or in order to be considered for a business or investment opportunity.