Gulf Oil and Gas accountACCOUNT

Saudi Aramco Drilling Co Seen Starting Commercial Operations in Q3

Source: Times of India 7/13/2017, Location: Middle East

The Saudi Aramco Nabors Drilling Co (SANAD) joint venture is expected to start commercial operations in the third quarter of this year, Saudi Aramco said in its weekly magazine, the Arabian Sun. *Saudi Aramco said SANAD recently held its first board meeting in Dhahran.

*SANAD is a 50:50 joint venture between Saudi Aramco and Nabors to own, operate and manage onshore drilling rigs in Saudi Arabia.

*SANAD is one of the largest joint ventures to have been formed in Saudi Arabia to date, Saudi Aramco says.

*Over the next five years more than 5,000 people are expected to be hired with a "Saudization" rate of 80 percent. *SANAD committed to using land rigs in future manufactured in Saudi Arabia.

Financials and Investment News in Saudi Arabia >>

Uganda >>  2/26/2021 - Tullow Oil plc is pleased to provide an update on the redetermination of its Reserves Based Lending facility ("RBL").

Over the past few we...

United Kingdom >>  2/25/2021 - Subsea 7 S.A. announced that, on 24 February 2021, the Group entered into a $500 million five-year amortizing loan facility backed by a $400 million g...

United States >>  2/25/2021 - Cheniere Energy Partners, L.P. intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Notes due 2031 (the "...
United States >>  2/25/2021 - Green Plains Inc. announced the pricing of its underwritten public offerings of $175.0 million of common stock at a price to the public of $23.00 per ...

United States >>  2/25/2021 - Kosmos Energy Ltd. announced the pricing of $450 million aggregate principal amount of its 7.500% senior notes due 2028. The offering was upsized by $...
Brazil >>  2/24/2021 - Petrobras, informs that its Board of Directors, at a meeting held, approved dividends to shareholders based on the 2020 annual results in the amount o...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.