ADNOC Drilling expects to begin offshore jack-up rig work for Kuwait Oil Company in the fourth quarter of 2027, after the Kuwait Petroleum Corporation Higher Procurement Committee approved two awards. The contracts would take the company into Kuwait’s offshore market and mark its first offshore rig deployment beyond the UAE. The approval was announced on 9 November.

The awards cover the provision and operation of two high-specification rigs, identified as Rig 1 and Rig 2 under tender RFP-2151011. Together, the contracts have a maximum value of US$313.6 million (KWD 96,554,561.040).

Each contract has a four-year firm term, including mobilization, and a further one-year option. The optional year is excluded from the combined maximum value.

The company expects the contracts’ first full year of financial contribution to be 2028. It said the anticipated contribution in 2027 is already included in preliminary guidance communicated earlier.

The awards remain conditional on applicable requirements and completion of the contract formalities.