ADNOC Drilling and MB Petroleum Services Joint Venture Expansion
Sector: Oil and Gas • Location: Multiple
Source: Asian Oil and Gas News
ADNOC Drilling has acquired an 80% stake in MB Petroleum Services, forming a joint venture that expands its regional presence across Gulf markets including Oman, Kuwait, Saudi Arabia, and Bahrain. The JV adds 22 drilling and workover rigs and production service units, increasing ADNOC Drilling's total fleet to 170 rigs and regional rig count through joint ventures to 30 across Oman, Kuwait, and Ba
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | ADNOC Drilling has acquired an 80% stake in MB Petroleum Services, forming a joint venture that expands its regional presence across Gulf markets including Oman, Kuwait, Saudi Arabia, and Bahrain. The JV adds 22 drilling and workover rigs and production service units, increasing ADNOC Drilling's total fleet to 170 rigs and regional rig count through joint ventures to 30 across Oman, Kuwait, and Bahrain. The venture has secured additional rig contracts with deployment expected from the second half of 2026 into the first half of 2027. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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