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Tuesday 30 April 2019

TAQA drilling subsidiary to buy Schlumberger’s Mideast drilling rigs arm

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced Sunday 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 $415 million (SR1.56 billion). More »

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