ADNOC Drilling Secures Kuwait Offshore Rig Awards Worth Up to $313.6 Million

ADNOC Drilling has received approvals for two Kuwait Oil Company offshore jack-up rig contracts with a combined maximum value of $313.6 million.

The awards cover two high-specification rigs for four-year firm terms, including mobilisation, with an additional one-year option. Operations are expected to begin in the fourth quarter of 2027, marking ADNOC Drilling’s first offshore rig operations outside the UAE.

The company expects the contracts to make their first full-year financial contribution in 2028. The awards remain subject to applicable conditions and completion of contractual formalities. Source: Offshore Engineer.