ADNOC to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman for $112m.

Adnoc, a UAE-based oilfield services provider, agreed to acquire a 70% stake in SLB’s land drilling business in Kuwait and Oman, for $112m. "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," Abdulrahman Abdulla Al Seiari, ADNOC Drilling, CEO.