Abu dhabi: ADNOC Drilling Company PJSC (‘ADNOC Drilling’ or the ‘Company’) announced today the award of a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs.
According to Emirates News Agency, the five-year agreement is set to commence in the third quarter of 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services company. This award further reinforces ADNOC Drilling’s leadership in high-tech oilfield services, combining next-generation equipment, artificial intelligence (AI), and real-time intelligence to deliver smarter, safer, and more sustainable energy outcomes.
Commenting on the award, Abdulla Ateya Al Messabi, ADNOC Drilling CEO, highlighted that this contract is a powerful endorsement of ADNOC Drilling’s expanding capabilities and its trusted partnership with ADNOC Onshore. He noted that the contract reflects ADNOC Drilling’s ability to deliver high-impact, technologically advanced fracturing services aimed at unlocking the UAE’s energy potential. Al Messabi emphasized the company’s commitment to supporting the nation’s strategic energy goals and reinforcing its position as a leader in integrated drilling and completion solutions.
The contract’s scope of work supports ADNOC’s strategic goal to accelerate the development of conventional and tight reservoirs across the UAE. It includes the design, execution, and evaluation of multistage hydraulic fracturing treatments, which will be deployed across a wide range of assets in Abu Dhabi. Fracturing services for conventional and tight reservoirs are used to enhance oil or gas flow through existing natural pathways, optimizing production by improving flow rates.
ADNOC Drilling will deploy advanced technologies throughout the project to maximize efficiency and performance. Proprietary fracturing simulation software will be used to optimize every stage of the operation, increasing flow rates and overall hydrocarbon recovery. Intelligent fluid systems will adapt dynamically in real-time to reservoir conditions, improving fracture efficiency and reducing environmental impact. Automated pumping units and blending systems will enhance safety, streamline operations, and reduce the need for on-site manpower.
The economic and financial impact of this contract further 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. The contract has a ceiling cumulative value of up to $800 million in revenue for ADNOC Drilling, subject to client discretion. Actual revenues will depend on the pace and extent of call-offs.
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 $400 million backlog of ADNOC Drilling’s signed acquisition in Oman and Kuwait.