ADNOC Drilling to acquire 80% of MB Petroleum Services

ADNOC Drilling entered into a definitive agreement to acquire 80% of MB Petroleum Services, a drilling and oilfield services provider with operations in Oman, Kuwait, Saudi Arabia and Bahrain. The enterprise value of the transaction is $204 million.

“ADNOC Drilling Company PJSC announced today that it has entered into definitive agreement to acquire 80% of MB Petroleum Services.”mbpetroleum.com

• 1 source
• mbpetroleum.comADNOC Drilling Partners with MB Petroleum Services in their GCC Land Drilling and OFS Business • MB Petroleum Services | MBPSMohammed RahbiNov 5, 2025

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