ADNOC Drilling, SLB and Patterson-UTI have created a joint venture dubbed Turnwell Industries to accelerate the 144-well drilling campaign as part of unconventional oil and gas exploration program in Abu Dhabi, set for delivery by the fourth quarter of 2025. Focused on the United Arab Emirate's world-class unconventional energy resources, post completion of the JV, ADNOC Drilling through its wholly owned subsidiary ADH RSC LTD will hold a 55% majority equity stake, SLB a 30% equity stake and Patterson-UTI the remaining 15% equity stake. Turnwell was established to be the unconventionals drilling arm of ADNOC Drilling and execute a $1.7 billion contract, awarded to ADNOC Drilling, to provide drilling and associated services to deliver 144 unconventional oil and gas wells.