# ADNOC Drilling wins $2B offshore jack-up rig contracts

ADNOC Drilling was awarded five 10-year contracts totaling approximately $2 billion to charter high-specification jack-up rigs for ADNOC Offshore's drilling operations across five fields. The rigs will commence activity progressively from end of 2023.

- Type: Contract
- Announced: 2023-06-26
- Where: United Arab Emirates
- Value: $2.00B
- Status: announced
- Products: jack-up drilling rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [ADNOC Drilling](https://endata.com/companies/66336.md)
- [ADNOC Offshore](https://endata.com/companies/71071.md) (customer)

## Sources

- [gccbusinessnews.com](https://www.gccbusinessnews.com/adnoc-drilling-wins-2bn-worth-offshore-jack-up-contracts/), 2023-06-26: "Long-term contracts like these are the backbone of our business model, providing a clear line of sight on future earnings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.