Omani firm MBPS signs $127.3m Kuwait Oil Company contract to provide and operate three new 1,000hp drilling and workover rigs
- Client
- Kuwait Oil Company (KOC)
- Winning contractor
- MBPS (Oman)
- Contract value
- $127.3m
- Award date
- Not disclosed in source
Contract scope
Provision and operation of three new 1,000hp rigs for drilling and well workover for Kuwait Oil Company.
Reporting and evidence
Fields reflect the linked reporting below. Publication, announcement and signing dates are not treated as award dates.
Evidence for these fields
Extracts from this article. Original source links remain in the full story.
- Client: signed a contract worth $127.3m with Kuwait Oil Company (KOC)
- Winning contractor: Omani petroleum services company MBPS has signed a contract worth $127.3m
- Contract value: a contract worth $127.3m
Full story and sources
Omani petroleum services company MBPS has signed a contract worth $127.3m with Kuwait Oil Company (KOC) to provide and operate three new rigs of 1,000hp each for drilling and well workover, Al-Rai reported on 7 November 2026. The announcement was made by MBPS chief executive Salem Al-Harthi on his official social media page.
According to Al-Harthi, the contract was signed on the sidelines of ADIPEC 2026 in Abu Dhabi. Al-Rai said the contract is one of a series expected to be signed with the winners of a KOC tender for 24 rigs.
The contract term, tender number and exact signing date were not given, and KOC has not been quoted.
What to watch: The other contracts under KOC’s 24-rig tender and the mobilisation of the three rigs.
Sources: Al-Rai, 7 November 2026. Reviewed 8 November 2026.