ADNOC Drilling Company PJSC announced that it has signed an agreement to acquire an additional three brand new high-specification offshore jack-up drilling units (the rigs). The cost of the acquisition is part of the Company's three-year guidance on capital expenditure and its strategic growth plans. The acquisition underpins the company's accelerated fleet expansion and enterprising growth strategy.

Earlier sale and purchase agreements were signed on 30 May 2022 (for two rigs), 10 June 2022 (one rig) and 24 August 2022 (one rig). The latest three rigs have a combined cost of $320 million and are premium high-specification jack-up rigs. As the Company's new rigs progressively enter the fleet, ADNOC Drilling expects a further boost to its financial and operating performance to the benefit of its clients, shareholders and the UAE.