ADNOC Drilling Awarded Two Offshore Jack-Up Rig Contracts

ADNOC Drilling Company PJSC has been awarded two offshore jack-up rig contracts by Kuwait Petroleum Corporation Higher Procurement Committee (KPCHPC) for Kuwait Oil Company (KOC). The contracts cover Rig 1 and Rig 2, with a total value of approximately $1.2 billion. The rigs will be deployed in Kuwait's offshore oil fields.

The award is a significant win for ADNOC Drilling, reflecting the company's strong position in the global offshore drilling market. The contracts are expected to contribute to ADNOC Drilling's revenue and profit, potentially leading to increased pay for its seafarers through bonuses or overtime.