In January 2026, MB Petroleum Services (MBPS) secured contract awards for four additional land drilling rigs, with deployment expected to commence from the second half of 2026 into the first half of 2027. The contracts include three rigs in Kuwait and one rig in Oman, further strengthening MBPS’s established footprint across key GCC markets.

These awards underscore strong customer confidence in MBPS’ operational capabilities and execution track record, while reinforcing the joint venture’s growth trajectory. The contracts also enhance longterm activity and revenue visibility, supporting disciplined regional expansion across core Gulf geographies.