The deal, signed in July, includes a total of 31 rigs situated in Saudi Arabia, Algeria and Iraq, for USD 288 million.
“This is the first in a series of four closings, the majority of which are expected to be completed by year-end 2018, subject to regulatory approvals, consents and other customary closing conditions,” Weatherford added.
Also on Thursday, Fluor and Kuwait National Petroleum Company announced first steam at the Clean Fuel Project, which is designed to upgrade Mina Al Ahmadi and Mina Abdullah refineries in Kuwait.
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Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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