{"id":11351,"date":"2026-05-05T08:54:00","date_gmt":"2026-05-05T04:54:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/adnoc-drilling-mbps-jv-complete\/"},"modified":"2026-05-05T13:48:36","modified_gmt":"2026-05-05T09:48:36","slug":"adnoc-drilling-mbps-jv-complete","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/adnoc-drilling-mbps-jv-complete\/","title":{"rendered":"ADNOC Drilling Completes MBPS Joint Venture: What This Means for Investment Opportunities and Business Growth in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>ADNOC Drilling Company PJSC has successfully completed the acquisition of an 80% stake in MB Petroleum Services (MBPS), a drilling and oilfield services joint venture with MB Holding Company. MBPS operates across Oman, Kuwait, Saudi Arabia, and Bahrain.<\/p>\n<p>The transaction was finalized ahead of the originally planned mid-year schedule, demonstrating disciplined execution and strong alignment between the partners.<\/p>\n<p>Abdulla Ateya Al Messabi, CEO of ADNOC Drilling and Chairman of MBPS, stated, \u201cThe acquisition of MBPS significantly enhances ADNOC Drilling\u2019s long-term regional capabilities by adding substantial operational scale and deep field execution expertise. By integrating MBPS&#8217;s established presence with our advanced systems, technology-driven approach, and scale, we are building a robust platform for delivery throughout the GCC. This deal aligns with our disciplined, value-accretive growth strategy as we continue to invest in our people and long-term capabilities, always prioritizing safety. The use of automation, AI, digital systems, and data-driven workflows will further support safe and consistent operations at scale.\u201d<\/p>\n<p>Usama Al Barwani, MBPS Board member and Vice Chairman of MB LLC, commented, \u201cMBPS has built a strong legacy over many years, becoming one of the region\u2019s leading energy services companies. This partnership with ADNOC Drilling showcases the shared vision and confidence of both shareholders in MBPS\u2019s long-term potential. We believe ADNOC Drilling will drive future growth while maintaining our commitment to clients and investing in our workforce.\u201d<\/p>\n<p>Under the agreement, ADNOC Drilling, through its wholly owned subsidiary, holds 80% ownership of MBPS, while MB Holding Company retains a 20% stake via its subsidiary. MBPS will continue to be led by CEO Dr. Salim Al Harthy, ensuring continuity in management, execution, and regional expertise. Dr. Al Harthy noted, \u201cThis acquisition is a transformational milestone for MBPS. By combining our regional expertise with ADNOC Drilling\u2019s strength and scale, we are creating a stronger foundation to expand across the MENA region, enhance our capabilities, and deliver greater value to customers. Our commitment remains steadfast to our people, clients, and the operational excellence that defines MBPS.\u201d<\/p>\n<p>Financially, the joint venture\u2019s expected 2026 results will be fully consolidated by ADNOC Drilling within its Onshore segment starting from the closing date and have already been factored into the company\u2019s publicly disclosed financial guidance for FY 2026. The first full year of financial contribution is anticipated in 2027.<\/p>\n<p>The acquired assets include 22 drilling and workover rigs, production service units, along with pre-qualifications, subsidiaries, and an established operational presence across four key Gulf countries.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>ADNOC Drilling\u2019s acquisition of an 80% stake in MB Petroleum Services significantly <strong>strengthens regional drilling capabilities<\/strong> and accelerates technological integration in Oman and the broader GCC. This strategic move presents <strong>growth opportunities for energy service providers<\/strong> and signals a push toward enhanced operational efficiency through automation and AI. Smart investors should consider the burgeoning potential of the regional oilfield services sector, focusing on companies that leverage technology and regional partnerships for sustainable expansion.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADNOC Drilling completed acquiring an 80% stake in MB Petroleum Services (MBPS), expanding its drilling and oilfield services footprint in Oman, Kuwait, Saudi Arabia, and Bahrain. The deal, finalized ahead of schedule, aligns with ADNOC&#8217;s growth and technology-driven strategy.<\/p>\n","protected":false},"author":9,"featured_media":11352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[2692,4577,2691],"class_list":["post-11351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-adnoc-drilling","tag-mb-petroleum-services","tag-oilfield-services"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/05\/3374519.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=11351"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11351\/revisions"}],"predecessor-version":[{"id":11353,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11351\/revisions\/11353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/11352"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=11351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=11351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=11351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}