TAQA Drilling subsidiary to acquire Schlumberger's Middle East drilling rigs business for $415mn
TAQA Drilling subsidiary to acquire Schlumberger's Middle East drilling rigs business for $415mn
Saudi Arabia's Industrialisation and Energy Services Company (TAQA) announced today that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger's Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415mn.
Through this expansion, ADC will operate a fleet of 58 onshore rigs and 9 offshore rigs across the MEN...