02:06 PM EDT, 05/29/2025 (MT Newswires) -- Schlumberger ( SLB ) said Thursday that Abu Dhabi National Oil Company unit ADNOC Drilling will acquire a 70% stake in its land drilling rigs business in Kuwait and Oman.

The agreement includes eight land rigs under contract with the oil companies of both countries, according to a statement.

The transaction, which is subject to customary regulatory approvals, is expected to close by Q1 of 2026.

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