ADNOC Drilling has made an acquisition that significantly expands its regional rig count. Through joint ventures, ADNOC Drilling has increased its total rig count to 30 across Oman, Kuwait, and Bahrain.
This acquisition involves an 80% stake in MB Petroleum Services (MBPS). MBPS is a drilling and oilfield services joint venture with Muscat-based MB Holding Company, with operations in Oman, Kuwait, Saudi Arabia and Bahrain.
In a statement to the Abu Dhabi Securities Exchange (ADX), the ADNOC subsidiary stated its total fleet now comprises 170 rigs, including those in the Middle East and North Africa (MENA) region and globally.
The portfolio comprises 22 drilling and workover rigs, production service units, pre-qualifications, subsidiaries, and a well-established presence in 4 crucial Gulf geographies. Parent company ADNOC had confirmed that it is accelerating growth and delivery of its strategy with $55bn in new project awards for 2026-2028.
The joint venture has an enterprise value of US $204mn. In January, MBPS secured contract awards for 4 additional rigs with deployment expected from the second half of 2026 into the first half of 2027, including 3 in Kuwait and 1 in Oman, the statement said.
Hence then, the article about adnoc drilling says rig count reaches 30 across 3 gcc countries was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( ADNOC drilling says rig count reaches 30 across 3 GCC countries )
Also on site :
- Teenage loners who ran a £29million cyber-hacking spree from their bedrooms are jailed for five years - and could be extradited to the US
- Harry Kane breaks his silence after England exit as Three Lions captain bemoans 'missing final piece of the jigsaw' and urges team to 'go again'
- Amran: Jabal Yazid Tribes Affirm Readiness