Enersol, a tech investment firm backed by ADNOC Drilling, secures its first UAE contract with PETRONAS Abu Dhabi through Deep Well Services, marking a significant step in integrating AI and automation into the region’s unconventional energy sector.
Enersol, that forward-thinking tech investment company, yeah, the one jointly owned by ADNOC Drilling and Alpha Dhabi, has recently hit a pretty important milestone. They’ve managed to secure their portfolio company, Deep Well Services (DWS), its very first contract in the UAE with PETRONAS Abu Dhabi. This was announced at ADIPEC 2025 in Abu Dhabi, and honestly, it’s a clear sign that smart, data-driven energy technologies are really starting to blend into the region’s growing focus on unconventional energy sources.
So, DWS is going to be deploying its patented Hydraulic Completion Units along with its AI-powered BoreSite® data platform to support a 12-well unconventional program for PETRONAS. This combo, advanced automation, precise control, and real-time data gathering, is intended to boost operational performance, safety measures, and overall efficiency in complex well operations. Max Vorobiev, who’s the CEO of PETRONAS Abu Dhabi, mentioned that this collaboration promises better consistency and reliability, aligning well with their priorities on performance and safety.
Dean Watson, the CEO of Enersol, talked about how game-changing it is to integrate AI-driven systems with energy operations. He called the contract a proud achievement, which also highlights Enersol’s expanding expertise in delivering innovation and creating value locally. Mark Marmo, leading DWS as CEO, pointed out that BoreSite® allows operators to make quicker, smarter decisions over the entire lifespan of a well, leading to measurable improvements in well completion and intervention activities.
This new contract isn’t coming out of nowhere, either. DWS already has an impressive international track record, especially across North and South America. They’ve completed more than 5,800 unconventional wells in key U.S. basins like Permian and Appalachia, which has cemented their reputation as a reliable partner in upstream oil, gas, and geothermal sectors. Now, they’re applying that expertise in Abu Dhabi, where unlocking the region’s huge unconventional hydrocarbon potential is definitely a top strategic goal.
Interestingly enough, this agreement comes after Enersol made a pretty significant move, buying a 95% stake in DWS for around $223 million, pending regulatory approval. This kind of investment aligns with Enersol’s bigger plan: to scale high-impact businesses that are really pushing the boundaries of AI, digital transformation, and tech-driven solutions for the oilfield services world. The aim is to make their technology footprint grow beyond just the UAE, building an integrated value chain that supports ADNOC Drilling’s long-term energy plans while boosting local manufacturing and sustainable development.
Enersol isn’t stopping there, either. They’re planning to bump their investment capacity up to $2 billion, having already spent about $800 million this year, including on DWS and other acquisitions. The idea? To secure critical intellectual property and expand across the entire well lifecycle, creating a kind of future-proof business model driven by innovative technologies.
The UAE’s really positioning itself as a leader in unconventional energy sources. ADNOC Drilling has launched various initiatives, including partnerships like the recent joint venture Turnwell Industries with SLB and Patterson-UTI, that aim to tap into the country’s huge reserves: approximately 220 billion barrels of unconventional oil and around 460 trillion cubic feet of unconventional gas. They’re employing cutting-edge AI, smart drilling techniques, and advanced production solutions to do it.
And, on the financial side, ADNOC Drilling’s performance has been quite strong, profits jumped 24% in the first quarter of 2025 to $341 million, while oilfield services revenue soared by 134%. This growth suggests a rising market demand for integrated and unconventional drilling services. Naturally, this positive momentum makes investments like Enersol’s in DWS even more strategic, as technological innovation continues to transform operational efficiency.
Overall, these moves really highlight the UAE’s dedication to embedding AI and automation into its energy sector, boosting production, safety, and sustainability, all while fostering local tech capabilities. With Enersol stepping into an impactful role as both an investor and innovator, it’s clear their efforts could significantly accelerate the UAE’s ambitions in unconventional energy, combining global expertise with regional objectives.
Source: Noah Wire Services
- https://www.zawya.com/en/press-release/companies-news/deep-well-services-announces-first-contract-with-petronas-in-abu-dhabi-bj0zq55u – Please view link – unable to able to access data
- https://www.zawya.com/en/press-release/companies-news/deep-well-services-announces-first-contract-with-petronas-in-abu-dhabi-bj0zq55u – Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, announced that its portfolio company, Deep Well Services (DWS), has signed its first contract with PETRONAS in Abu Dhabi. This marks DWS’s first contract in the UAE and underscores Enersol’s commitment to advancing intelligent, data-driven energy technologies in the region. DWS will deploy its Hydraulic Completion Units and BoreSite® systems to support a 12-well unconventional program for PETRONAS, bringing advanced automation, precision control, and real-time data to complex operations, highlighting growing confidence in Enersol’s technology portfolio and its role in unlocking the UAE’s unconventional energy potential.
- https://www.adnocdrilling.ae/en/news-and-media/news-releases/2024/enersol-to-aquire-deep-well – Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holding, has agreed to acquire a 95% equity stake in Deep Well Services (DWS) for approximately $223 million, including performance-based payments. Completion of the transaction is subject to obtaining the necessary regulatory approvals and other customary conditions precedent. Established in the United States in 2008, DWS specializes in advanced technologies and services within the energy sector, including patented Hydraulic Completion Units and data analytics software, BoreSite®, which enhance operational safety and efficiency.
- https://www.agbi.com/oil-and-gas/2024/11/war-chest-at-adnoc-drilling-jv-enersol-to-rise-to-2bn/ – Enersol Energy Solutions, the joint venture between Abu Dhabi’s ADNOC Drilling and Alpha Dhabi, is looking to expand its war chest by $500 million to $2 billion. The company has already spent $800 million on acquisitions this year, including the recent acquisition of a 95% stake in the US-based Deep Well Services (DWS) for $223 million. Enersol aims to create a business that spans the entire value chain of the well, expanding its footprint outside the UAE and future-proofing the business by owning critical intellectual property required to operate.
- https://www.reuters.com/business/energy/adnoc-drilling-forms-unconventional-energy-venture-with-slb-patterson-uti-2024-12-17/ – ADNOC Drilling, a subsidiary of the UAE’s state oil giant, has formed a joint venture called Turnwell Industries with SLB and Patterson-UTI to tap unconventional energy resources using advanced extraction methods. ADNOC Drilling holds a 55% stake, SLB 30%, and Patterson-UTI 15%. Abu Dhabi is estimated to have 220 billion barrels of unconventional oil and 460 trillion cubic feet of unconventional gas. Turnwell Industries will employ innovative AI smart drilling design, completions engineering, and production solutions to meet the UAE’s unconventional energy needs. This venture benefits from its relationship with Enersol, ADNOC Drilling’s joint venture with Alpha Dhabi, which has made four acquisitions this year.
- https://www.reuters.com/business/energy/adnoc-drillings-first-quarter-profit-jumps-strong-oilfield-services-2025-05-08/ – ADNOC Drilling, a subsidiary of Abu Dhabi’s state oil giant, reported a 24% rise in first-quarter 2025 profit to $341 million, compared to $275 million in the same period last year. This increase was primarily driven by a 134% surge in oilfield services revenue, reaching $342 million, fueled by expanding unconventional and integrated drilling activities. Overall revenue rose nearly 33% to $1.17 billion. The company will shift to quarterly dividends, beginning with a $217 million payment on May 28, 2025, establishing a baseline for future payments this year.
- https://www.law-middleeast.com/king-spalding-advises-adnoc-drillings-enersol-on-223m-deep-well-services-acquisition/ – King & Spalding advised Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, on its acquisition of Deep Well Services (DWS), a US-based energy technology services company. Enersol has purchased a 95% stake in DWS for $223 million, subject to regulatory approvals. DWS, though Enersol, is expected to contribute significantly to the development of the UAE’s energy resources. Enersol has been advancing plans to acquire and invest in multiple businesses as it seeks to become a technology-centric investment platform in the energy sector.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative appears to be original, with no prior reports found on Deep Well Services securing a contract with PETRONAS Abu Dhabi at ADIPEC 2025. The earliest known publication date of similar content is November 26, 2025. The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were identified. The content does not appear to be recycled or republished across low-quality sites or clickbait networks.
Quotes check
Score:
10
Notes:
The direct quotes from Max Vorobiev, Dean Watson, and Mark Marmo are unique to this report, with no identical matches found in earlier material. This suggests the content is potentially original or exclusive.
Source reliability
Score:
7
Notes:
The narrative originates from Zawya, a reputable source for business and financial news in the Middle East. However, the report is based on a press release, which may indicate a lack of independent verification. The entities mentioned, including Enersol, Deep Well Services, and PETRONAS Abu Dhabi, have verifiable online presences, lending credibility to the report.
Plausability check
Score:
9
Notes:
The claims regarding Enersol’s investment in Deep Well Services and the deployment of advanced technologies in the UAE’s unconventional energy sector are plausible and align with recent industry trends. The narrative lacks supporting detail from other reputable outlets, which is a minor concern. The language and tone are consistent with corporate communications in the energy sector.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative presents original content with unique quotes and no significant discrepancies. The source is reputable, and the claims made are plausible and align with industry trends. The lack of supporting detail from other reputable outlets is a minor concern but does not significantly impact the overall assessment.
