ADNOC Drilling wins Kuwait offshore rig contracts worth up to $313.6 million

​ADNOC Drilling ‌has won ​two offshore jack-up rig contracts from ‌Kuwait Oil Company for a combined maximum value of $313.6 million, the ‌company said in a statement on ‌Monday.

The award marks the UAE company's entry into offshore Kuwait, and ⁠its ​first ⁠offshore rig operations outside the United Arab ⁠Emirates, it said. The four-year contracts, ​including mobilisation, are expected to begin ⁠in the fourth quarter of 2027, ⁠ADNOC ​Drilling said. They include an additional one-year option, which ⁠is excluded from the stated maximum ⁠value.