# 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.

- Type: Acquisition
- Announced: 2025-05-29
- Where: Kuwait and Oman, Kuwait
- Status: announced
- Capacity: 8 land drilling rigs
- Products: land drilling rigs and services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Schlumberger](https://endata.com/companies/220.md) (target)
- [SLB](https://endata.com/companies/1561.md) (target)
- [ADNOC Drilling](https://endata.com/companies/66336.md) (acquirer)

## Sources

- [forbesmiddleeast.com](https://forbesmiddleeast.com/industry/energy/adnoc-drilling-partners-with-slb-in-their-kuwait-and-oman-land-drilling-rigs-business), 2025-05-29: "Our partnership with SLB will provide ADNOC Drilling with a solid operational and financial platform to further expand in the region."
- [oilfieldtechnology.com](https://www.oilfieldtechnology.com/drilling-and-production/02062025/adnoc-drilling-partners-with-slb-in-kuwait-and-oman-drilling-rigs-business/), 2025-06-02: "This acquisition is a natural next step in ADNOC Drilling’s growth journey and reinforces our position as one of the leading companies in drilling and integrated services."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.