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AlwaysFree: UAE's ADNOC Drilling To Acquire 3 More Rigs For $320Mln

Author: SSESSMENTS

  • Fleet expansion comes as part of guidance on capital expenditure 

According to Zawya’s article published on November 21, 2022, ADNOC Drilling Co., a subsidiary of Abu Dhabi’s national oil company ADNOC, has signed a deal to acquire three offshore rigs for a combined cost of $320 million.   

The cost of the acquisition is part of the company’ three-year guidance on capital expenditure and strategic growth plans, the company said in a regulatory filing on the Abu Dhabi Securities Exchange (ADX) on Monday.   

Tags: AlwaysFree,Crude Oil,English,Middle East,UAE

Published on November 23, 2022 9:08 AM (GMT+8)
Last Updated on November 23, 2022 9:08 AM (GMT+8)