ADNOC Drilling Establishes Major Presence in Oman's Onshore Market with SLB Joint Venture
ADNOC Drilling Enters Oman's Onshore Market
ADNOC Drilling, the drilling arm of the Abu Dhabi National Oil Company, has formally established an operating base in Oman's onshore drilling services market. This significant move follows the completion of its purchase of a controlling stake in a land-rig joint venture with SLB.
Strategic Acquisition Details
The acquisition involved ADNOC Drilling's wholly-owned subsidiary, ADH RSC Ltd, completing the purchase of 70% of SLDC Holdings RSC Ltd. SLDC Holdings is the joint-venture vehicle established with SLB for land drilling operations across Oman and Kuwait. This detail was confirmed in a filing to the Abu Dhabi Securities Exchange on January 1, 2026.
Immediate Operational Impact in Oman
For Oman, this transaction marks a crucial entry for ADNOC Drilling. Unlike a gradual build-up, this deal places ADNOC Drilling on the ground with:
- Operating assets from day one.
- Contracted work from day one.
- Six land rigs already actively working within the Sultanate.
This immediate operational capacity underscores the strategic importance and direct impact of this acquisition on Oman's drilling sector.
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