UAE-based National Drilling Company (NDC) recently signed an agreement with China Petroleum Technology & Development Corporation (CPTDC) to obtain nine new land rigs, with a total value close to Dh1 billion ($272 million).
Top global oil exporter Saudi Arabia is set to use a record number of drilling rigs this year as it ramps up production, in the face of possible supply shortages due to Western sanctions on Iran.
With oil exports by Iran, Opec's second lar
Shoaibi Group, a leading Saudi business group, has joined hands with US-based Xtreme Coil Drilling Corporation, to introduce new technologies for drilling with coiled tubing in the Mena region.
Under the agreement, Suhayl Abdul Mohsin Al S
UAE-based Maritime Industrial Services Company (MIS) has clinched rig-building contracts worth $335 million from Mosvold Middle East Jackup (MEJU) for the detail design and construction of two offshore jack-up drilling rigs for the company.