ADNOC Drilling to acquire 70% stake in SLB's land drilling rigs business in Kuwait and Oman

ADNOC Drilling signed an agreement to acquire a 70% stake in Schlumberger's (SLB) land drilling rigs business in Kuwait and Oman, including eight fully operational land rigs under contract with national oil companies. The transaction is expected to close in Q1 2026.

“Our partnership with SLB will provide ADNOC Drilling with a solid operational and financial platform to further expand in the region.”forbesmiddleeast.com

• 2 sources
• forbesmiddleeast.comADNOC Drilling Agreed To Acquire 70% Stake In SLB's Land Drilling Rigs In Kuwait, OmanOla Noureldin, Sana Tahir, Mohamed Rashed Alkhalifa, James EmmanuelMay 29, 2025
• oilfieldtechnology.comADNOC Drilling partners with SLB in Kuwait and Oman drilling rigs business | Oilfield TechnologyAlfred HamerJun 2, 2025

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