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The National Drilling Company, NDC, has signed contracts to own 14 new rigs with a total value of about US$543 million (AED2 billion).
The contracts were signed by Abdullah Saeed Al-Suwaidi, Chief Executive Officer of the Abu Dhabi National Drilling Company and by the CEOs of the other companies.
In a press statement yesterday, Al-Suwaidi said that the contracts fall within the strategic expansion plans being implemented by the company in response to the growing demand from client companies and in order to raise the level of the readiness of the company, enabling it to provide all drilling operations of various kinds efficiently.
He pointed out that, as per the signed agreements, offshore and onshore rigs worth AED745 million will be built in the UAE. The Lamprell Company will manufacture an offshore rig and the contract was signed by James Moffat, Lamprell's Chief Executive Officer. An onshore rig will be manufactured by the Oilwell Varco company, and that contract was signed by Majed Hamdan, Vice-President of regional sales.
The remaining 12 rigs will be supplied by CBTDC, the China Building Technology Development Centre, and that contract was signed by the company Vice-President.
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