Standing at the heart of the ADNOC Group as the sole provider of drilling services to its Upstream companies, ADNOC Drilling benefits from a unique relationship with its parent company and from a contractual framework that sets the company apart from any other company in the sector. Owing to these factors, ADNOC Drilling offers an unmatched visibility on long-term revenue growth, returns and cash flow generation.
As a key enabler of ADNOC's strategy, ADNOC Drilling has, over the years, grown into a robust, efficient and highly profitable company, focusing on operational excellence and demonstrating significant growth through the cycles despite oil price volatility. Today, the company is committed to achieving ADNOC Group's ambitious long-term hydrocarbon development programs aimed at further unlocking the oil and gas reserves of Abu Dhabi. This includes delivering the wells necessary to achieve ADNOC’s plan to increase both its oil production capacity to 5 million barrels per day by 2030, and increase unconventional gas production to 1 billion cubic feet per day before 2030 allowing the UAE to reach gas self-sufficiency.
A solid base, as the contractual framework with ADNOC provides the company with stable revenues and profit margins superior to other drilling industry competitors
The secure delivery of a resilient financial performance paired with a strong and prudent balance sheet
A captive growth both on the drilling side, given ADNOC’s strategic plans, and on the Integrated Drilling Services side of the business
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