Abu Dhabi’s Adnoc Drilling announced on 30 May that it has signed a sale and purchase agreement (SPA) for “two premium offshore jack-up drilling units.” It states that “the investment is central to the Company’s enterprising expansion strategy and forms part of its three-year guidance on capital expenditure.”

According to a press release, “the two new drilling units, being acquired from Well Target Five Limited and Well Target Six Limited, are Gusto MSC design, premium independent leg cantilever rigs.” (CONTINUED - 329 WORDS)