{"id":6093,"date":"2025-11-05T14:23:00","date_gmt":"2025-11-05T10:23:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/adnoc-buys-80percent-mb-stake\/"},"modified":"2025-11-06T05:31:24","modified_gmt":"2025-11-06T01:31:24","slug":"adnoc-buys-80percent-mb-stake","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/adnoc-buys-80percent-mb-stake\/","title":{"rendered":"ADNOC Acquires 80% Stake in MB: What This Major Move Means for Investors and Entrepreneurs 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>MB Group, one of Oman\u2019s largest and most diversified business conglomerates, has announced the strategic sale of an 80% stake in its oilfield services subsidiary, MB Petroleum Services MENA (MBPS), to ADNOC Drilling. MB LLC will retain a 20% ownership in MBPS.<\/p>\n<p>This transaction represents a significant milestone in MB Group\u2019s evolution as a diversified private investment house and marks a key step in ADNOC Drilling\u2019s regional expansion. Over more than four decades, MBPS has played a pioneering role in the development of the oilfield services sector across Oman and the wider MENA region.<\/p>\n<p>Usama al Barwani, Vice Chairperson of MB Group, stated, \u201cThis is a significant milestone in our Group-wide focus on being at the forefront of value and technology across our industries, including Energy, Mining, Engineering Services, and Real Estate Development. ADNOC Drilling is a major player known for its sustainability and technological advancements. We look forward to a promising future for oil well services in the MENA region.\u201d<\/p>\n<p>Al Jabri, CEO of MB LLC, highlighted MBPS\u2019s achievements, saying, \u201cThis accomplishment reflects MBPS\u2019s expertise in the MENA region, its strong health, safety, and environmental (HSE) record, and its technical excellence. MBPS has established a robust legacy in Oman\u2019s oilfield and well services sector as the first company in the field, achieving over 84% Omanisation in Oman and strong localization across other MENA countries.\u201d<\/p>\n<p>Dr Salim al Harthy, CEO of MBPS, remarked on the company\u2019s future, \u201cWe thank the entire MBPS team for their contributions since 1982, which have positioned Oman strongly in this critical sector. Our teams continue to deliver exceptional value in Oman, Saudi Arabia, Bahrain, and Kuwait. We look forward to MBPS\u2019s next chapter with ADNOC, leveraging shared technical and operational expertise for even greater success.\u201d<\/p>\n<p>Since its inception in 1982, MBPS has become a trusted partner to energy sector operators and governments across the Middle East. Its notable strengths include a strong safety record\u2014over 18 years without lost-time injuries (LTI) in hoist 34\u2014and status as one of the largest drilling fluid suppliers in the region. MBPS has logged more than 10,000 oil, gas, and geothermal well interventions. Presently, MBPS MENA holds long-term contracts for over eight drilling rigs, 13 workover rigs\/hoists, and six wireline and well testing units, operated by more than 1,400 professionals across five MENA countries.<\/p>\n<p>The legal advisor for MB Group was Herbert Smith Freehills Kramer LLP, with Houlihan Lokey serving as exclusive financial advisor for the transaction.<\/p>\n<p>MB Group\u2019s diversified portfolio spans mining, energy, engineering services, real estate development, private air services, and superyacht manufacturing, with operations across Asia, Africa, and Europe.<\/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 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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>The strategic sale of 80% of MB Petroleum Services to ADNOC Drilling signals a <strong>major consolidation and technological advancement<\/strong> in Oman\u2019s oilfield services sector, presenting opportunities for enhanced regional integration and innovation. For businesses and investors, this move highlights the importance of <strong>leveraging partnerships with industry leaders<\/strong> to capitalize on evolving energy demands and sustainability trends in the MENA region. Smart players should consider <strong>focusing on technology-driven services and strong localization strategies<\/strong> to maintain competitive advantage in the rapidly transforming energy market.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MB Group sold 80% of MB Petroleum Services MENA (MBPS) to ADNOC Drilling, retaining 20%. MBPS, a pioneer in Oman\u2019s oilfield services since 1982, has a strong MENA presence with key contracts, high Omanisation, and a legacy of safety and technical success.<\/p>\n","protected":false},"author":2,"featured_media":6094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[2692,2690,2691],"class_list":["post-6093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-adnoc-drilling","tag-mb-group","tag-oilfield-services"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/11\/3181113.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6093","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=6093"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6093\/revisions"}],"predecessor-version":[{"id":6095,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6093\/revisions\/6095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/6094"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=6093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=6093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=6093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}