National Drilling Company signs $543mm rig deals

Jun 08, 2015 12:00 AM

National Drilling Company in the UAE has signed $543mm contracts to buy 14 new rigs, state news agency WAM reported on Sunday.

One of the contracts was signed with National Oilwell Varco for the construciton of one onshore rig, while another was awarded to Lamprell to build an offshore one.

The two rigs have a combined value of $203mn and will be built in the UAE, WAM said, quoting the company's chief executive officer Abdullah Saeed al-Suwaidi.

The remaining 12 rigs will be built by China Petroleum Technology & Development Corporation, Suwaidi revealed.

He added that the new contracts are part of the company's expansion plans and also the result of growing demand from its customers.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events