ADNOC Drilling Company has announced the closing of the Turnwell Industries joint venture (JV) between ADNOC Drilling, SLB and Patterson-UTI.
SLB has announced an agreement to create Turnwell Industries LLC OPC, a joint venture with ADNOC Drilling Company, SLB and Patterson-UTI. The joint venture will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions.
Enersol RSC LTD, the joint venture of ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC, has agreed to acquire a 51 percent equity stake in NTS AMEGA for a consideration of approximately $58 million, excluding transaction fees, expenses and completion adjustments.