ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has announced the completion of the transfer of all its shares in the company to XRGI. This marks a significant development in ADNOC's strategy to optimize its asset portfolio and enhance operational efficiency. The share transfer is part of a broader initiative by ADNOC to diversify its business and strengthen its position in the global market. ADNOC Drilling continues to demonstrate strong financial performance and a commitment to innovation in the oil services sector.
ADNOC completes share transfer of XRGI company
ADNOC Drilling announces completion of share transfer to XRGI, part of its strategy for portfolio optimization and operational efficiency.