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HomeBreaking NewsUAE’s Adnoc Drilling Eyes Regional Expansion, Targets Fleet Growth by 2028

UAE’s Adnoc Drilling Eyes Regional Expansion, Targets Fleet Growth by 2028

The United Arab Emirates’ largest drilling contractor, Adnoc Drilling, is setting its sights on strategic expansion across key Middle East markets, while also planning significant growth in its rig fleet over the next three years. This bold move aligns with the company’s vision to enhance its regional footprint and capture emerging opportunities in high-demand areas.

Adnoc Drilling announced its ambitious regional push during the release of its first-quarter financial results. The company is actively pursuing prequalification and ongoing tenders in Oman and Kuwait, two markets recognized for their robust energy sectors and increasing demand for high-quality drilling and energy services.

“These new frontiers offer diversified revenue streams and reinforce Adnoc Drilling’s leading position across the region,” the company said, highlighting its commitment to expanding its operational capabilities beyond the UAE.

As part of its growth strategy, Adnoc Drilling is focusing on increasing its rig fleet capacity to meet the anticipated surge in regional projects by 2028. This planned expansion is expected to solidify its role as a critical player in the Middle East’s oil and gas sector, supporting both upstream exploration and production activities.

The expansion plans also reflect broader ambitions for the UAE’s energy sector, as the nation continues to position itself as a major hub for global energy markets.

 

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