ADNOC Drilling completed its acquisition of an 80% stake in MB Petroleum Services, a joint venture with MB Holding Company, for $204 million. The deal includes 22 drilling and workover rigs across Oman, Kuwait, Saudi Arabia, and Bahrain, increasing ADNOC's total rig fleet to 170. MBPS results will be consolidated within ADNOC Drilling’s onshore segment starting from the closing date.
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