M&A
ADNOC Drilling to acquire 80% stake in MB Petroleum Services
ADNOC Drilling agreed to buy 80% of Oman-based MB Petroleum Services (enterprise value $204m / AED749m), adding 21 rigs and operations in Oman, Kuwait, Saudi Arabia and Bahrain; completion expected H1 2026.
Company: ADNOC DrillingCompany: MB Petroleum ServicesCountry or territory: OmanCountry or territory: KuwaitCountry or territory: Bahrain
5 sources
WAM (Emirates News Agency)Primary
Khaleej TimesPress
Gulf NewsPress