UAE-based Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has further expanded its portfolio of offshore jackup rigs, having snapped up a pair of premium units for $220m.
The Gusto MSC CJ46 design rigs will be delivered into Abu Dhabi waters and become operational during the fourth quarter of 2023, with a revenue contribution in 2024.
The latest acquisition will see the company nearly double its offshore jackup rig fleet since early 2021, with further expansion expected until the end of 2024.
Since listing on the Abu Dhabi Securities Exchange in October 2021, Adnoc Drilling has expanded its fleet from 95 to 115 owned rigs by the end of March this year.
“These rigs further cement our position as one of the world’s largest offshore jackup rig fleet owners and supports our plan to grow our overall fleet to 142 owned rigs by 2024,” said Abdulrahman Abdulla Al Seiari, CEO of Adnoc Drilling.
