Revenue by Segment:

• Drilling Services: approx. 60%
• Integrated Drilling Services: approx. 25%
• Oil and Gas Production: approx. 15%

TOP 3 Markets:

• United Arab Emirates: approx. 70%
• Saudi Arabia: approx. 15%
• Qatar: approx. 10%

ADNOC Drilling Company P.J.S.C. generates the majority of its revenue from drilling services, which is attributed to its strong position in the oil and gas production sector in the region. The United Arab Emirates is the main market, which is not surprising as the company is part of the ADNOC group based in the UAE. Saudi Arabia and Qatar are also significant markets benefiting from geographical proximity and existing energy partnerships.

Production Sites: United Arab Emirates

ADNOC Drilling Company P.J.S.C. is a company operating in the United Arab Emirates (UAE). The main production and drilling activities take place in the UAE as the company is an integral part of the Abu Dhabi National Oil Company (ADNOC). ADNOC Drilling focuses on providing drilling services for onshore and offshore oil and gas fields in the region.

The strategic location in the UAE enables the company to efficiently utilize and develop the country's extensive oil and gas reserves.

Investments in Drilling Capacities: $1.5 billion USD (2024-2025)
Expansion of Offshore Operations: Target of 25% revenue growth by 2026

ADNOC Drilling Company is pursuing a growth strategy that is heavily focused on expanding its drilling capacities and developing new offshore locations. The company has announced plans to invest a total of $1.5 billion USD in the modernization and expansion of its drilling fleet between 2024 and 2025.

Another key focus is on increasing efficiency and reducing operating costs through the use of advanced technologies. This is intended to enhance competitiveness and improve margins.

In addition, ADNOC Drilling plans to strengthen its presence in the international market, particularly through strategic partnerships and joint ventures, in order to expand its global reach and unlock new business opportunities.

Main raw materials: Drilling equipment, steel, chemicals

Import countries: USA, China, Germany

ADNOC Drilling Company P.J.S.C. mainly imports drilling equipment, steel, and special chemicals needed for the drilling process. These materials are essential for the operation and maintenance of the drilling platforms.

The USA is a significant supplier of highly specialized drilling equipment and technologies. China mainly supplies steel and some chemical components needed in the oil and gas industry. Germany is known for supplying high-quality machinery and technical components used in the drilling processes.

These imports are crucial to ensure the efficiency and safety of ADNOC Drilling's drilling activities and to meet international standards in the oil and gas industry.

Market share in the UAE: Over 90% (2025)
Number of drilling rigs: Over 100 (2025)
Contract durations: Long-term contracts with ADNOC and other partners

ADNOC Drilling Company P.J.S.C. has a significant competitive advantage, primarily demonstrated by its dominant market position in the United Arab Emirates. With a market share of over 90% in the drilling services sector in the UAE, the company is the leading provider in the region.

Ownership and operation of over 100 drilling rigs enable ADNOC Drilling to offer a wide range of services and to flexibly respond to market demands. This infrastructure, combined with support from the parent company ADNOC, secures a strong market position for the company.

Long-term contracts with ADNOC and other key partners provide additional stability and revenue predictability, further enhancing the competitive advantage. These contracts not only ensure continuous revenue but also strengthen the strategic partnership within the ADNOC group.

Institutional Investor Share: approx. 20% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share in ADNOC Drilling Company P.J.S.C. is estimated to be around 20%, indicating a moderate interest from institutional investors. This can be attributed to the company's stable market position and growth potential.

In 2025, there were no significant insider transactions, suggesting that the management has confidence in the current corporate strategy and future development. Such stable insider activities can be seen as a positive signal for investors.

ADNOC Drilling Market Share: 18% (2025, estimated)

Top Competitors and Their Market Shares:

1. Schlumberger Limited: 20%
2. Halliburton Company: 15%
3. Baker Hughes Company: 12%
4. Weatherford International: 10%
5. Transocean Ltd.: 8%

Moat of ADNOC Drilling:

ADNOC Drilling has a significant moat, mainly stemming from its close connection to the Abu Dhabi National Oil Company (ADNOC). This relationship ensures the company stable contracts and a strong position in the Middle East. The geographical location and strategic partnership with one of the world's largest oil producers provide ADNOC Drilling with a competitive advantage, especially in the region.

Compared to other companies with a more global presence, ADNOC Drilling benefits from a strong regional footprint and secured contract volume. However, companies like Schlumberger and Halliburton also have strong moats due to their global reach and technological innovations. These companies benefit from extensive research and development resources and a broad customer base worldwide.

Overall, ADNOC Drilling offers a solid regional advantage, while competitors excel through their global presence and innovation capabilities.

Revenue Growth: 10% (2024) Net Income Growth: 8% (2024) Market Share in the Middle East: 30% (2024)

ADNOC Drilling Company P.J.S.C. recorded a revenue growth of 10% in 2024, attributed to increased drilling activity and the expansion of their fleet. The company benefits from long-term contracts with the parent company ADNOC, providing a stable source of income.

The company's net income increased by 8% in 2024, driven by efficiency improvements and cost-cutting measures. These actions have led to an enhancement of profit margins.

With a market share of 30% in the Middle East, ADNOC Drilling is well positioned to benefit from the ongoing demand for oil and gas drilling in the region. The strategic importance of the region and government support offer additional stability and growth opportunities.

Overall, ADNOC Drilling appears to be an attractive investment opportunity due to its solid financial performance, strong market position, and stable relationships with ADNOC, provided that global energy markets remain stable and no significant external shocks occur.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Continuous payout since IPO in 2021

ADNOC Drilling Company P.J.S.C. has regularly distributed dividends since its IPO in 2021. The company's dividend policy is aimed at passing on a significant portion of its profits to shareholders, reflected in an attractive dividend yield of around 4.5% in 2025.

The reliability of dividend payments is supported by ADNOC Drilling's strong financial performance and stable market position. The company benefits from long-term contracts and strategic importance within the ADNOC group, which helps to maintain payouts even in economically challenging times. Analysts expect ADNOC Drilling to maintain its dividend policy as long as the financial conditions remain stable.