Adnoc Drilling has entered into definitive agreement to acquire 80 per cent of MB Petroleum Services (MBPS), one of the leading drilling and oilfield services (OFS) providers in the region with operations in Oman, Kuwait, Saudi Arabia and Bahrain.

This transaction marks its second acquisition in the region, subject to regulatory approvals.

This deal is expected to significantly accelerate Adnoc Drilling’s regional expansion strategy, adding scale and capability and strengthening presence in four key Gulf economies.

Abdulla Ateya Al Messabi, Adnoc Drilling CEO, said: “This is a defining moment in Adnoc Drilling’s journey. The transaction represents a strategic leap that is expected to amplify our capabilities, accelerate our regional momentum and reinforce our position as a key energy services provider in the region. Upon completion, this partnership not only will strengthen our regional footprint but also position us to deliver enhanced value to our clients and shareholders in a rapidly evolving energy landscape.” -OGN/TradeArabia News Service