ADNOC Drilling’s profit surges 34% to $379m on revenue boost in H1 

RIYADH: Abu Dhabi-based ADNOC Drilling’s net profit surged 34 percent to $379 million in the first half of 2022, as the firm’s revenue rose amid a continued fleet expansion program.

The half-yearly revenue of ADNOC Drilling, a unit of Abu Dhabi National Oil Co., increased 13 percent at the end of June to $1.27 billion, according to a press release.

The release added that the net profit to $204.85 million, while the revenue increased 11 percent to $669 million in the second quarter of 2022.