Aramco and NOV form onshore drilling joint venture in Saudi Arabia

Saudi Aramco and National Oilwell Varco agreed to form a joint venture to provide high-specification land rigs and drilling equipment in Saudi Arabia. The JV will build a manufacturing facility in Ras Al-Khair with capacity to manufacture 10 rigs per year, expected to be commissioned by 2020.

“The new manufacturing facility will further strengthen the integrated portfolio of oilfield services and equipment being developed by the Saudi Aramco Development Company.”jpt.spe.org

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• jpt.spe.orgAramco, NOV To Form Saudi Onshore Drilling Joint VentureMatt ZborowskiJun 28, 2018

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