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ADNOC Drilling secures contract from Kuwait Oil Company for two offshore jack-up rigs valued at $313.6 million.

Nov 10, 2026

Contract Type

contract

Abu DhabiEnergyOil And GasRenewable EnergyLogistics

Description

ADNOC Drilling has been awarded two contracts for the provision and operation of high-specification offshore jack-up rigs by Kuwait Oil Company. The contracts, which have a combined maximum value of $313.6 million, mark ADNOC Drilling's entry into the offshore Kuwait market.

Company Information

Company

ADNOC

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. It aims to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.