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ADNOC Drilling's Q3 Profit Rises Almost 50%

Nov 10, 2021

ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month, made a profit of $178.4 million in the three months ending Sept. 30, up from $119.5 in the corresponding period a year ago, it said in a statement…

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