NDC acquires AED 120 million land drilling rig made in UAE

ABU DHABI: The National Drilling Company, NDC, has signed an agreement with National Oilwell Varco, NOV, to acquire a new land rig, valued at approximately AED 120 million. The agreement was signed by NDC Chief Executive Officer, Abdalla Saeed Al Suwaidi, and NOV Vice President of Regional Sales, Majed Hamdan. The agreement, which comes as part of the comprehensive rig fleet expansion programme being executed by NDC and covers offshore, onshore and land rigs, will help the company to meet the needs of its client, Abu Dhabi Company for Onshore Oil Operations, ADCO, and step-up the ability to perform specific drilling operations that require the availability of rigs of various horsepower capabilities.

During the signing ceremony, which was held at NDC Head Office in Abu Dhabi, Mr. Al Suwaidi said, “NDC is committed to sustainable progress and continuous growth. Significant achievements were made in the expansion of the company fleet and development of the quality and multiplicity of services offered by NDC to meet the increased demand for drilling services and strengthen the company readiness and capability for performing all types of drilling operations with complete efficiency and competency.” He extended his sincere appreciation and thankfulness to ADNOC senior management, NDC Board of Directors and the Board Advisory Committee for their continuous support and guidance.

Al Suwaidi added, “This second rig, similar to the first one received earlier, is built by NOV in the U.A.E.. The first rig has already started operations and completed the drilling of its first well, and we hope for more cooperation with NOV in the future”.

Hamdan said, “NOV is pleased and honoured to work with NDC and conclude the second rig that will make a positive contribution to NDC’s expansion plans. We believe that this was the result of the great efforts and dedication of the professional teams involved from both NDC and NOV.

“We consider our contribution in providing drilling solutions to NDC a major successful milestone towards our vision of supporting our clients growth strategy and operational targets,” he added.

SOURCE: WAM