Adnoc Drilling acquires two Premium Jack-Up Rigs for USD140m  

Adnoc Drilling Company has signed a Sale and Purchase Agreement (“SPA”) to acquire an additional two premium offshore jack-up drilling units (the “rigs”) for USD140 million to meet Adnoc’s plan to raise and sustain production capacity. 

The acquisition, which underpins the company’s accelerated fleet expansion and enterprising growth, is the fourth confirmed in recent months. The transaction further consolidates ADNOC Drilling’s position as owner of one of the largest operating offshore jack-up fleets in the world, with 32 rigs with further acquisitions in the pipeline. 
Adnoc Drilling Company legal team is led by general counsel Alaina Ramsay (pictured). 

Adnoc Drilling acquires two Premium Jack-Up Rigs for USD140m

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram