Financial Calendar - Drilling

Company
Company
Established in 1972 as ADNOC's sole drilling provider, ADNOC Drilling is today the largest national drilling company in the Middle East by rig fleet size with plans to expand further within this decade.

Company>Board of Directors
The Board of Directors is responsible for ADNOC Drilling’s strategic direction, oversight and corporate governance.

Company>Executive Management
The Executive Management team is responsible for overseeing ADNOC Drilling's operation and business development activities.

Company>History
ADNOC Drilling was created by Emiri Decree in 1972 as the first subsidiary under full Abu Dhabi National Oil Company (ADNOC) ownership, with a mission to drill wells helping ADNOC unlock the UAE’s vast reserves of oil and gas for the benefit of the nation.
Operations and Services
Operations and Services
- Natural Resources in the UAE
- Operations and Services
Operations and Services>Natural Resources in the UAE
Home to the world's sixth largest crude oil reserves, the UAE currently holds around 107 billion stock tank barrels (STB) of proven oil reserves.

Operations and Services>Operations and Services
As the majority of the crude oil and gas reserves in the UAE are located in Abu Dhabi, most exploration, appraisal, development and production activities in the UAE is carried out by ADNOC.
Innovation and Growth
Innovation and Growth
- Strategy
- Drilling Technologies
Innovation and Growth>Strategy
Our strategy positions us well to benefit from a planned increase in drilling activity and to meet ADNOC’s target of increasing crude oil production capacity to 5 million barrels per day by 2030.

Innovation and Growth>Drilling Technologies
We continue to tirelessly refine the way we work, leveraging smart drilling techniques and engineering solutions, building our capabilities so we can be even more cost efficient as we drill more wells.
Sustainability
Sustainability
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. We have done so by reinforcing ADNOC’s long-standing commitment to environmental and social stewardship across our areas of operation. 

Sustainability>Environment
We believe that we have a responsibility to protect the health and safety of our people, minimize the consumption of resources and control emissions to ensure a sustainable ecosystem for future generations.

Sustainability>Social Responsibility
We are committed to fostering an inclusive culture and implementing workforce diversity in recruiting, compensating, motivating, retaining, and promoting employees.

Sustainability>Governance
ADNOC Drilling has a strong corporate governance framework that is fully aligned with the SCA's corporate governance guidelines.
Investor Relations
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Natural Resources in the UAE

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Home Investor Relations Financial Calendar

Latest Announcement

10 May 2022

ADNOC Drilling Q1 2022 Net Income Grows to $175 Million, Exceeding Market Expectations

ADNOC Drilling Company PJSC today announced its financial results for the three-month period ended March 31, 2022.reported significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments with the Company firmly on track to deliver on its ambitious plans.

ADNOC Drilling Q1 2021 Financial Results Press Release

Latest Announcement

11 February 2022

ADNOC Drilling Announces Robust Full Year 2021 Net Income of $604 Million

Solid net profit increase of 6% for the full year 2021.

Strong and resilient operational growth drives FY21 revenue to $2.27 billion, up 8.2% year-on-year.

Industry leading fleet utilization and excellent progress on cost efficiency results in full year EBITDA of over $1 billion.

The Board recommends a final dividend of $325 million for the second half of 2021.

Q4 and Full Year 2021 Results

Recent Event

Q1 2022 Earnings Call

On Tuesday, May 10 2022 ADNOC Drilling announced its Financial Results for the First Quarter ending March 31 2022.

A recording of the Earning Call webcast is available to view here.