ADNOC Drilling Company has announced a significant allocation of approximately $700 million for new acquisitions in 2025. This move is part of the company’s strategy to enhance its operations both locally in the UAE and in international markets, as stated by CEO Abdulrahman Abdulla Al Seiari.

The acquisitions will be facilitated through Enersol, a joint venture established last year between ADNOC Drilling and Alpha Dhabi Holding. According to CEO Al Seiari, Enersol has already completed four acquisition operations totaling nearly $800 million, which includes the purchase of 95 percent of the US Deep Well Services Company in March.

Al-Seiari emphasized that ADNOC Drilling aims to expand its operations in Abu Dhabi and other regions. The company is particularly focused on entering the Kuwaiti and Omani markets by bidding for contracts there, recognizing the importance of these two markets. He also revealed plans to increase revenues to nearly $5 billion by 2026.