ADNOC Drilling Company PJSC announced it has signed a Sale and Purchase Agreement (SPA) to acquire an additional two premium offshore jack-up drilling units (the rigs). The acquisition, which underpins the company's accelerated fleet expansion and enterprising growth, is the fourth confirmed by the Company in recent months. Earlier sale and purchase agreements were signed on 30 May (for two rigs), 10 June (one rig) and 24 August (one rig).

The two new rigs have a combined cost of $140 million and will join the ADNOC Drilling fleet and commence operations by the end of 2022. With the addition of these two premium jack-up rigs, the Company will own one of the large operating fleets of offshore jack-up rigs in the world, with 32 rigs, and has plans for further fleet growth. ADNOC Drilling continues to demonstrate strong and resilient growth combined with a sustainable and progressive dividend.