Abu Dhabi – Mubasher: ADH RSC LTD, a wholly owned subsidiary of ADNOC Drilling Company, has completed the acquisition of a 70% stake in SLDC Holdings RCS Limited, according to a bourse filing.
SLDC Holdings is a joint venture (JV) established with SLB for its land drilling rigs business in Kuwait and Oman.
Last May, the ADX-listed group penned an agreement for the stake acquisition, accelerating its expansion in the GCC region.
In November, ADNOC Drilling entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), marking its second acquisition deal in the GCC.
