Adnoc Drilling, the Middle East's biggest drilling company, has reported a more than 21 per cent rise in fourth-quarter ...

The reported net profit for the fourth quarter of 2024 stood at $399 million, a 21% beat compared to the Visible Alpha consensus of $329 million. The company's net debt was reported at $1,990 million, ...

but accelerated expansion plans of the parent company ADNOC included the placement of drilling rigs at sites in Abu Dhabi. At the end of 2024, ADNOC Drilling will have enough drilling rigs to deploy ...

Revenue Surges 32% to Over $4 Billion; EBITDA Reaches Record $2 Billion with 50% Margin4: ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) (ADX: ADNOCDRILL) has announced record financi ...

Adnoc Drilling will remain the sole rig provider to the Adnoc Group of companies and capitalize on Adnoc's growing upstream activity as it demonstrates increasing drilling efficiencies and ...

By completing wells faster, the company can reduce costs, increase profit margins, and redeploy rigs to the next well more quickly, he added. Adnoc Drilling has a contracted backlog of six rigs ...

ADNOC Drilling , a unit of the United Arab Emirates' state oil giant, said on Tuesday it has closed an agreement to create Turnwell Industries, a joint venture with oilfield services firms SLB and ...

Abu Dhabi National Oil Company (Adnoc) has selected three domestic and ... The surface facilities required for Package 2 involve drill pad areas, a riser platform, offshore flare structures ...

ADNOC Drilling was ADNOC’s first fully-owned subsidiary. In October 2021, the company became a publicly-traded company on ADX after its $1.1 billion IPO. The company owns 99 rigs, making it one of the ...

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