ADNOC Drilling's profits rose 30% to $335 million in the third quarter of this year.
The income tax rate was $28 million, compared to nothing last year.
The company's revenues in the third quarter exceeded the one billion dollar mark, an increase of 32% due to the expansion of the company's land and sea fleets. The number of the company's rigs reached 140 rigs by the end of the third quarter.
Profits for the first nine months of this year also rose by 28.5% to reach about $905 million.
The company raised its CAGR forecast for its revenues to between 14-18% based on the 2023 rate.
The company stated that its capital expenditures for maintenance during the current year range between 200 and 250 million dollars.
