THE MIDDLE EAST’S

23. ADNOC Drilling

Country: U.A.E.
Sector: Energy
CEO: Abdulla Ateya Al Messabi
Market Value: $23.2 billion

ADNOC Drilling operates 140 onshore and offshore rigs in Abu Dhabi. In November 2025, ADNOC Drilling signed an agreement to acquire an 80% stake in MB Petroleum Services, a drilling and oilfield services provider, for $204 million, adding 21 drilling and workover rigs to its portfolio. In January 2026, it completed the acquisition of 70% stake in the JV with SLB in their land drilling rigs business in Kuwait and Oman, comprising eight land rigs. Revenue reached $4.9 billion in 2025.