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flag ADNOC Drilling buys 70% stake in Schlumberger's rigs business in Kuwait and Oman for $112M.

flag ADNOC Drilling is acquiring a 70% stake in Schlumberger's land drilling rigs business in Kuwait and Oman for $112 million. flag The deal, which includes eight fully operational rigs under contract with national oil companies, is expected to close in Q1 2026, subject to regulatory approvals. flag This acquisition will immediately boost ADNOC Drilling's earnings and cash flow through operations in both countries.

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