Adnoc Drilling has acquired two offshore jack-up rigs as it continues to expand its rig fleet in line with Abu Dhabi National Oil Company’s (Adnoc’s) target to scale up oil production to 5 million barrels per day by end of this decade.
The Adnoc subsidiary said on Monday that it has “signed a sale and purchase agreement (SPA) to acquire an additional two premium offshore jack-up drilling units”.
“The investment is central to the company’s enterprising expansion strategy and forms part of its three-year guidance on capital expenditure,” it added.
The company said the two Gusto MSC design, premium independent leg cantilever rigs are being acquired from Well Target Five and Well Target Six.
However, Adnoc Drilling did not further details and the acquisition pricing for the two units.
The two rigs are expected to join the company’s drilling fleet in the third quarter of 2022, it added.
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