ADNOC Drilling Wins $315m Kuwait Offshore Rig Contracts From Kuwait Oil Company

The Kuwait Petroleum Corporation's Higher Procurement Committee has approved the award of two offshore drilling rig contracts to UAE-listed ADNOC Drilling Company PJSC for Kuwait Oil Company. The contracts carry a combined maximum ceiling of approximately 96.55 million Kuwaiti dinars ($315 million). The award follows ADNOC Drilling submitting the lowest compliant bids meeting tender specifications.

Published November 9, 2026 Source: Arabian Gulf Business Insight | AGBI

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The Higher Procurement Committee of Kuwait Petroleum Corporation (KPC) has approved awarding two separate contracts to Abu Dhabi-listed ADNOC Drilling Company PJSC to supply two mobile offshore drilling rigs to the Kuwait Oil Company (KOC), according to reports citing official publication Kuwait Alyawm.

The combined maximum value of the two contracts—designated for Rig-1 and Rig-2—is approximately 96.55 million Kuwaiti dinars (around $315 million). KPC's committee approved the award after concluding that ADNOC Drilling submitted the lowest priced compliant bids matching all technical specifications and conditions set out in the tender documents.

According to tender opening disclosures, ADNOC Drilling had submitted two offers of approximately 43.26 million dinars and 53.3 million dinars. Specific rig unit names, exact contract terms, individual award breakdowns, and scheduled start dates were not disclosed in the official notice.

The rig procurement comes as Kuwait steps up offshore exploration and drilling programmes following discoveries made by KOC in its territorial waters, including finds at Nokhatha, Julaia, and Jazza.