ADNOC Drilling Co today reported record breaking net profits totaling $802 million, up 33% year-on-year. Additionally, the company secured over $10 billion of contract backlog during the period, ADNOC Drilling’s CEO Abdulrahman Abdulla Al Seiari noted.

The company also achieved record revenue during the fourth quarter of 2022, while its fleet expansion program delivered the highest-ever number of operational rigs – advancing growth and further expansion in 2023 and beyond. The company’s accelerated rig acquisition program added 16 new drilling units in 2022, establishing one of the world’s largest drilling and well completion fleets consisting of 115 rigs.

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