Adnoc Buys Electric Rigs

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Abu Dhabi’s Adnoc Drilling purchased 10 newbuild hybrid power land rigs for a total of $252 million, the company said last week in a statement. Each newbuild hybrid power land rig would be grid-compatible and capable of reducing emissions by 10%-15%, the statement said. The acquisition is part of an updated target for Adnoc Drilling to grow its fleet to 142 rigs by the end of next year. Speaking to Energy Intelligence in an interview last week, the company’s CEO Abdulrahman al-Seiari said Adnoc Drilling’s fleet is set to grow by up to 24 rigs in 2023, taking the number of rigs it owns to 115 at the end of December.

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