ADNOCDRILL
Abu Dhabi – Mubasher: ADNOC Drilling Company was awarded a $800 million contract by ADNOC Onshore to provide integrated hydraulic fracturing services for conventional and tight reservoirs.
The five-year agreement is set to commence in the third quarter (Q3) of 2025, according to a press release.
The project award aligns with ADNOC’s objectives to accelerate the development of conventional and tight reservoirs across the UAE.
The deal’s scope covers the design, execution, and evaluation of multistage hydraulic fracturing treatments, which will be deployed across a wide range of assets in Abu Dhabi.
On its part, ADNOC Drilling will deploy advanced technologies throughout the project to expand efficiency and improve performance.
Proprietary fracturing simulation software will be utilized to enhance every stage of the operation, increasing flow rates and overall hydrocarbon recovery.
Meanwhile, the economic and financial impact of this contract reaffirms the 2025 guidance and the 2026 revenue guidance. It also provides further growth and upside in 2027 onwards beyond the current guidance. This growth will be accretive to the current return on equity and earnings per share (EPS).
This marks the fifth contract in just over two months, including a $1.63 billion five-year contract for Integrated Drilling Services (IDS), a $806 million contract for three island rigs and a $1.15 billion 15- year contract for two jack-up rigs, all awarded by ADNOC Offshore, and a $400m backlog of ADNOC Drilling’s signed acquisition in Oman and Kuwait.