Adnoc Drilling has won two offshore jack-up rig deals worth a combined $1.15 billion for 15 years from compatriot Adnoc Offshore.

The jack-up deals will bring in “accretive rates that generate long-term revenue and attractive returns”, the United Arab Emirates-based drilling player said in a statement on Tuesday.

“The rigs are expected to commence operations around the end of the second quarter of 2025, delivering revenue in the second half of 2025 onwards,” Adnoc Drilling said.