ADNOC Drilling to Announce 1Q-2024 Earnings on Monday, May 13, 2024 - 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
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- Natural Resources in the UAE
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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
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- 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
Our ambition is to provide efficient, reliable, and responsible drilling solutions, to create long lasting sustainable value for our people, society, and environment across our operations.

Sustainability>Climate Emissions and Energy
We are committed to managing risks related to climate change and reducing Greenhouse Gas (GHG)and non-GHG air emissions. We remain fully aligned with ADNOC Group’s goal of reducing GHG emissions intensity by 25% (scope 1 and scope 2) by 2030 and targeting to achieve Net Zero by 2045.

Sustainability>Environment
We are committed to managing and minimizing risks associated with water, waste and biodiversity and regularly monitoring and improving our environmental performance.

Sustainability>Economic and Social Contribution
We are committed to continuously investing in and creating opportunities for UAE Nationals, fostering a long-term positive impact in the communities where we operate, and increasing our In-Country Value (ICV) contribution year-on-year.

Sustainability>Workplace Diversity and Development
We are committed to create safe and inspiring workplaces where our people feel valued and motivated.

Sustainability>Health and Safety
We are committed to ensure 100% HSE and delivering a hurt-free working environment.

Sustainability>Business Sustainability
We believe that we have a responsibility to protect the health, safety and well-being of our people, minimize the consumption of resources and control emissions to ensure a sustainable ecosystem for future generations.
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Home News and Media News Releases ADNOC Drilling to Announce 1Q-...

ADNOC Drilling to Announce 1Q 2024 Earnings on Monday, May 13, 2024

1Q 2024 Earnings call

Please find below the details for our upcoming 1Q 2024 earnings call and webcast to be held on Monday, May13, 2024, at 12:00pm UAE time / 09:00am GMT.

Webcast Link

Conference Call Pre-Registration

To pre-register for this call, please go to the following link

Conference Call Dial-in Details

United Arab Emirates (Toll-Free): +971 800 0357 04553
United Kingdom (Toll-Free): +44 800 358 1035
United States (Toll-Free): +1 855 9796 654
International: +44 20 3936 2999

Access Code: 859739

Attendees

Abdulrahman Alseiari, Chief Executive Officer
Youssef Salem, Chief Financial Officer
Massimiliano Cominelli, Vice President, Investor Relations

Release Details

May 09, 2024
Abu Dhabi, UAE