Clifford Chance Advises ADNOC Drilling on Acquisition of 80% Stake in MB Petroleum Services

"Clifford Chance advised ADNOC Drilling Company PJSC on its acquisition of an 80% equity stake in MB Petroleum Services LLC, subject to regulatory approval. The transaction, which includes 21 rigs and oilfield-services contracts across Oman, Kuwait, Saudi Arabia and Bahrain, advances ADNOC Drilling’s regional expansion."

Clifford Chance advised ADNOC Drilling Company PJSC on its acquisition of an 80% equity stake in MB Petroleum Services LLC. The transaction, which is subject to regulatory approval, represents ADNOC Drilling’s second acquisition as it accelerates its regional expansion strategy. It is expected to add scale and capability to ADNOC Drilling’s operations and to strengthen its presence in four key Gulf markets. The partnership comprises 21 rigs and a portfolio of oilfield services contracts with national oil companies across the region, spanning operations in Oman, Kuwait, Saudi Arabia and Bahrain. Clifford Chance represented ADNOC Drilling Company PJSC with a team composed by: Daud Khan (Partner, Abu Dhabi); Partners Milena Robotham (Brussels), Katrin Schallenberg (Paris) and Edward Page (London); Senior Associates Mhairi Cruickshank (Dubai) and Callum Gribbin (Dubai); Associates Sami Rahim (Dubai), Francesco Pasquarelli (Brussels), Valia Aravantinou Zafeiri (Brussels) and Archie Zverev (London); and Counsel Tess Forge (Singapore).

Clifford Chance Advises ADNOC Drilling on Acquisition of 80% Stake in MB Petroleum Services

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