Arabian Post Staff -Dubai
ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company, has finalized the acquisition of a 95% stake in the U.S.-based Deep Well Services (DWS) through its specialized investments arm, Enersol. This strategic move, valued at approximately $223 million, represents a significant step in ADNOC’s long-term strategy to expand its technological capabilities and strengthen its global footprint, particularly within the U.S. market. The acquisition aligns closely with ADNOC’s broader commitment to enhancing production efficiency and sustainability in drilling operations.
DWS, headquartered in the U.S., specializes in complex well interventions and completions, offering cutting-edge snubbing and well intervention technologies essential for operating in unconventional fields. Known for its advanced methodologies and patented technology portfolio, DWS has established itself as a leader in the U.S., working with major exploration and production (E&P) companies across shale and other high-demand oil and gas fields. By acquiring a significant share in DWS, ADNOC Drilling aims to leverage this technology within the Middle East and North Africa (MENA) region, strengthening its position in unconventional gas and oil extraction—a crucial step as ADNOC targets production increases while lowering carbon intensity across its operations.
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