What did ADNOC Drilling's CFO say about the company's readiness to expand UAE oil production beyond the 5 million bpd target?

ADNOC Drilling's CFO Youssef Salem stated, 'We're ready to deliver any production capacity that ADNOC needs,' confirming the company is fully prepared to scale up UAE oil output beyond the current 5 million barrels per day (bpd) target by 2027 if directed by its state-owned parent, ADNOC.

How has ADNOC Drilling performed against its rig deployment targets, and what resources does it cite as enabling its operational readiness?

ADNOC Drilling has significantly outperformed its rig deployment goal, reaching 142 deployed rigs by 2025—well ahead of the prior target of 127 rigs by 2030; Salem emphasized the company's readiness stems from having 'multiple providers from China and elsewhere to bring in the rigs, we have the technologies, we have multiple partnerships with Baker Hughes, Schlumberger, Patterson, others, we have the teams,' and noted first-quarter well deliveries rose year-on-year.

ADNOC Drilling Ready to Expand UAE Oil Capacity Past 5 Million bpd Target

May 12, 2026

ADNOC Drilling confirms readiness to surpass UAE's 5 million bpd oil capacity target by 2027, backed by 142 active rigs and strategic partnerships unaffected by regional conflicts.

reuters

2026-05-12

ADNOC Drilling Ready to Expand UAE Oil Capacity Past 5 Million bpd Target

ADNOC Drilling Ready to Expand UAE Oil Capacity Past 5 Million bpd Target

FAQ