ADNOC Drilling Company PJSC
AADX:ADNOCDRILL5.67
AED
-0.03
(-0.53%)
ISIN
AEA007301012
Return %
Stock
S&P 500
1Y
-2.07
14.20
3Y
59.27
81.12
5Y
90.91
68.34
Capital Structure
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- CEO
- Abdulkareem M. Ahmed Abdulla Al Messabi
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- Abu Dhabi United Arab Emirates
- IPO Date
- Oct 3, 2021
- Website
- adnocdrilling.ae
- Similar Companies
- Business
- ADNOC Drilling Company PJSC provides comprehensive drilling, well completion, and oilfield services to the oil and gas exploration and production sector across onshore and offshore environments. Founded in 1972 and headquartered in Abu Dhabi, United Arab Emirates, the company operates as a publicly listed subsidiary of the Abu Dhabi National Oil Company (ADNOC Group). The company operates through four core business segments: Onshore, Offshore Jackup, Offshore Island, and Oilfield Services (OFS). Its portfolio of products and services includes onshore drilling and workover rig operations; offshore premium jack-up drilling rigs and marine support services; customized extended-reach island drilling rigs deployed on artificial islands; integrated drilling services (IDS) offering end-to-end well delivery; directional drilling, measurement while drilling (MWD), and logging while drilling (LWD); drilling fluids engineering, conditioning, and solid control systems; cementing, casing running, and wellbore isolation services; wireline logging, coiled tubing, and downhole diagnostic analytics; hydraulic fracturing and reservoir stimulation for unconventional plays; and well intervention, testing, perforating, and completion equipment installation. The company primarily caters to national and international oil and gas operating companies in the United Arab Emirates and pursues strategic expansion across the Middle East. Recent major developments include the establishment of Enersol, a strategic joint venture with Alpha Dhabi Holding focused on acquiring technology-enabled energy service businesses globally, leading to acquisitions such as Gordon Technologies; the formation of Turnwell Industries in partnership with SLB and Patterson-UTI to engineer and accelerate the extraction of the UAE's unconventional energy resources; and the continuous expansion of its rig fleet with advanced hybrid-power land units and high-specification offshore rigs backed by major long-term drilling awards to support national hydrocarbon production expansion goals.