# Nabors and Saudi Aramco commence SANAD joint venture operations

Nabors Industries and Saudi Aramco have commenced operations of their 50/50 joint venture, Saudi Aramco Nabors Drilling Company (SANAD), in Saudi Arabia. The joint venture will purchase and operate 50 locally-sourced new rigs over ten years.

- Type: Partnership
- Announced: 2017-12-01
- Where: Saudi Arabia
- Status: completed
- Capacity: 50 rigs
- Products: drilling rigs, drilling services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Saudi Aramco](https://endata.com/companies/304.md) (partner)
- [Nabors Industries](https://endata.com/companies/1919.md) (partner)

## Sources

- [investor.nabors.com](https://investor.nabors.com/2017-12-01-Nabors-and-Saudi-Aramco-Commence-Joint-Venture-Operations), 2017-12-01: "SANAD represents a new paradigm in the operator / contractor relationship."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.