26/06/2026 03:35 AST

ADNOC Drilling Company today (June 25) announced the successful delivery and acceptance of AD-300, the first AI-enabled, fully automated walking island rig, delivered nearly three months ahead of schedule, enabling earlier revenue generation and accelerating the rollout of the six-rig next-generation programme.

Standing 50m tall, the height of a 15-storey building, and weighing around 2,000 tonnes, AD-300 combines advanced automation, digital systems and hybrid power capability, with the option to connect to the grid, enabling more efficient and lower-emission operations.

Its automated walking capability allows it to move seamlessly between well locations without dismantling, while automation systems, such as automated pipe handling and AI-enabled monitoring, help minimise personnel exposure in complex operating environments.

On the key achievement, CEO Abdulla Ateya Al Messabi said: "The delivery of AD-300 marks a step-change in how we execute large-scale, technology-enabled energy development. By integrating automation, artificial intelligence and robotics at scale, we are enhancing safety, improving efficiency and delivering more consistent, predictable performance."

"As the first of six rigs under this programme, AD-300 demonstrates our ability to deliver complex, high-value assets ahead of schedule, accelerating revenue generation while supporting ADNOC's production capacity expansion and reinforcing the UAE's leadership in advanced energy solutions," he stated.

Deployed offshore on one of ADNOC's unique artificial islands, AD-300 is the first of six next-generation island rigs under a $1.54 billion contract awarded by ADNOC Offshore in 2024-2025. It represents a fundamental shift in offshore well delivery, enabling faster and more consistent execution.

The early start of operations, together with the phased deployment of the remaining rigs, supports revenue visibility and underpins the Company's continued growth in the second half of 2026 and into 2027.

ADNOC Offshore CEO Tayba Abdulrahim Al Hashmi said: "At a time when the world needs reliable energy at scale, the UAE stands ready to supply global customers. AD-300 and our next-generation island rigs are accelerating our growth, expanding ADNOC's production capacity and delivering long-term value for our stakeholders and the nation."

Integrated data systems provide real-time operational insights for performance optimisation and predictive maintenance, stated the top official.

AD-301 is currently being deployed, with the remaining rigs scheduled for delivery through 2027, creating one of the most advanced island rig fleets globally and reinforcing ADNOC Drilling's role as a key enabler of ADNOC's upstream growth ambitions, he added.


Trade Arabia

ADNOC Drilling posts record Q1 profit on high rig utilisation, services growth

11/05/2026

ADNOC Drilling, a key unit of Abu Dhabi National Oil Company (ADNOC), has reported its strongest-ever first-quarter earnings on Monday, supported by high fleet utilization, growth in integrated drill

Trade Arabia

ADNOC Drilling completes acquisition of 'MB Petroleum Services' joint venture

05/05/2026

ADNOC Drilling Company announced today the completion of its transaction to acquire an 80 percent stake of MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) joint venture (JV) with

Khaleej Times

Adnoc Drilling shareholders approve $1 billion dividend

02/04/2026

Adnoc Drilling has approved a $1 billion dividend for 2025 as the company reported its strongest financial performance to date and outlined plans for continued expansion across the region.

A

Khaleej Times

Ticker Price Volume
ADNOCDRILL Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SAUDIARAMCO 26.14 -0.20 (-0.76%)
ADNOCGAS 3.43 0.00 (0.00%)
BAHRI 32.92 -0.48 (-1.44%)
ADES 18.74 0.08 (0.42%)
PETRORABIGH 12.04 -0.14 (-1.15%)
Gulf Bank: June 30 final date to deposit and enter in the first KD 200,000 draw

26/06/2026

In preparation for the launch of the newly enhanced AlDanah Millionaire Account draws starting from next September, Gulf Bank announced that June 30 is the final date to deposit and enter in the fir

Kuwait Times

Abu Dhabi Islamic to provide digital home financing for Emiratis

26/06/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has partnered with the Abu Dhabi Housing Authority (ADHA) to provide eligible UAE nationals with enhanced digital pre-approval

Trade Arabia

First Avenue consortium signs framework deal for flagship Makkah project

26/06/2026

Saudi-based First Avenue for Real Estate Development Company has announced that its consortium has signed a framework agreement for the East Hindawiyah Project, one of Makkah's flagship sustainable u

Trade Arabia

OQEP, Turkish Petroleum secure Block 80 concession

25/06/2026

Oman's Ministry of Energy and Minerals on Wednesday signed an Exploration and Production Sharing Agreement (EPSA) for offshore Block 80 with OQ Exploration and Production (OQEP) - Musandam Offshore a

Muscat Daily

NBK continues to enhance its premium banking services, offers exclusive benefits

25/06/2026

In line with its commitment to meeting the aspirations of its diverse customer base and providing a comprehensive banking experience that meets the highest standards of quality and innovation, Nation

Kuwait Times