ADNOC Drilling to acquire an 80% stake in MB Petroleum Services for $204m.

ADNOC Drilling, a drilling company in the Middle East, agreed to acquire an 80% stake in MB Petroleum Services, a drilling and oilfield services provider, for $204m. “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," Abdulla Ateya Al Messabi, ADNOC Drilling CEO.