Segmental Information

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
Investor Relations Overview
Investment Case

Investment Thesis

Strategy

Natural Resources in the UAE

Operations and Services

Drilling Technologies and Innovation
Operational and Financial Highlights

Key Takeaways

Financial Measures

Non-Financial Measures

Sustainability Metrics
Reports, Presentations and Announcements

Quickly Access Our Records

Corporate Reports

Results and Presentations

Regulatory Announcements
Sustainability

Our Commitment

Environment

Social Responsibility

Corporate Governance
Investor Resources

Databook and Guidance

Historical Share Price

Dividend Policy

General Meetings

Analyst Coverage
Investor Relations Contacts

Home Investor Relations Operational and Financial Highlights Financial Measures Segmental Information

Segmental Information		2018	2019	2020	2021	2022	2023
Revenue
Onshore	USD million	1,030	1,070	1,076	1,140	1,453	1,495
Offshore - Jackups	USD million	694	672	597	596	611	800
Offshore - Island	USD million	228	222	203	204	204	209
Oil Field Services (OFS)	USD million	11	97	223	329	405	553
Total	USD million	1,963	2,062	2,098	2,269	2,673	3,057
EBITDA
Onshore	USD million	473	447	477	493	705	724
Offshore - Jackups	USD million	475	445	320	355	329	510
Offshore - Island	USD million	121	115	125	127	121	134
Oil Field Services (OFS)	USD million	3	8	38	73	77	115
Total	USD million	1,072	1,015	960	1,047	1,232	1,483

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