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UAE’s ADNOC Drilling to acquire 3 more rigs for $320mln

ADNOC Drilling Co., a subsidiary of Abu Dhabi’s national oil company ADNOC, has signed a deal to acquire three offshore rigs for a combined cost of $320 million.

The cost of the acquisition is part of the company’ three-year guidance on capital expenditure and strategic growth plans, the company said in a regulatory filing on the Abu Dhabi Securities Exchange (ADX) on Monday.
Source: Reuters (Writing by Brinda Darasha; editing by Cleofe Maceda)

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