ADNOC Offshore awards $1.54 billion contract to ADNOC Drilling for six AI‑enabled island rigs, delivering the first AD‑300 unit ahead of schedule
Type: Supply Agreement · Technology: Oil Gas · Country: United Arab Emirates · Value: $1.54B · Announced: 2026-06-25
ADNOC Offshore awarded a $1.54 billion contract to ADNOC Drilling for the design, construction and delivery of six next‑generation AI‑enabled island rigs, with the first unit AD‑300 already accepted. The 50‑metre‑tall, 2,000‑tonne rig combines automation, digital systems and hybrid power capability and can connect to the grid, enabling faster well delivery on ADNOC's artificial islands. AD‑300 was delivered nearly three months ahead of schedule, allowing earlier revenue generation and supporting ADNOC's production capacity expansion. The contract underscores the UAE's push for advanced energy solutions and positions ADNOC Drilling as a leader in automated offshore drilling technology. The deal was part of a 2024‑2025 award cycle, with the remaining rigs slated for delivery through 2027.
Counterparties
- ADNOC Drilling (Seller)
- ADNOC Offshore (Buyer)