ADNOC Drilling forms JV to accelerate unconventional oil and gas development
Turnwell is set to complete an initial 144 wells by the end of 2025, with ADNOC Drilling holding a 55% stake in the joint venture (JV).
Adnoc Drilling forms joint venture in boost to UAE's unconventional oil and gas sector
Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has joined forces with world’s largest oilfield services company Schlumberger (SLB) and drilling services company Patterson-UTI to create a joint venture,
Adnoc Drilling Accelerates Initial $1.7 Billion 'Unconventionals' Campaign
( MENAFN - Khaleej Times) Adnoc drilling Company PJSC (Adnoc Drilling) announced on Monday the creation of the Turnwell joint venture with SLB and Patterson-UTI and the acceleration of its 144 unconventional oil and gas well programme, following the successful and delivery of the first wells in the campaign.
ADNOC Drilling unveils Turnwell JV for unconventional well expansion
Dubai ADNOC Drilling has advanced its strategic goals in unconventional oil and gas production by forming the Turnwell joint venture in partnership with global energy firms SLB and Patterson-UTI. The JV aims to accelerate ADNOC’s 144-well program,
ADNOC Drilling signs Turnwell Agreements, accelerates initial $1.7bln 'unconventionals' campaign
The Company, through its wholly-owned subsidiary ADH RSC LTD, has signed definitive agreements for the creation of the Turnwell joint venture (JV) with SLB and Patterson-UTI
Adnoc Drilling sets up JV to boost unconventional energy sector
Focused on the UAE’s world-class unconventional energy resources, post completion of the JV, Adnoc Drilling through its wholly owned subsidiary, ADH RSC, will hold a 55% majority equity stake, SLB a 30% equity stake and Patterson-UTI the remaining 15% equity stake.
SLB, Patterson-UTI and Adnoc JV poised to accelerate ambitious 144-well drilling campaign in Abu Dhabi
Turnwell is drilling the 144 wells as part of a $1.7 billion contract that was earlier awarded by Adnoc to its subsidiary Adnoc Drilling, targeting multiple unconventional assets in the UAE
SLB, Patterson-UTI, and ADNOC JV to Accelerate $1.7B Drilling Campaign in Abu Dhabi
ADNOC Drilling, SLB and Patterson-UTI have created a joint venture dubbed Turnwell Industries to accelerate the 144-well
SLB and ADNOC Drilling Partner for Unconventional Oil and Gas Development
SLB (NYSE: SLB) today announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV) with ADNOC Drilling Company, SLB and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI,
SLB Teams Up With ADNOC Drilling Co., Patterson-UTI To Create JV In UAE
(SLB), Monday announced an agreement with Abu Dhabi-based ADNOC Drilling Co., and Texas-based Patterson-UTI to create Turnwell Industries LLC OPC to accelerate UAE's unconventional oil and gas program.
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Adnoc International Limited announces voluntary public takeover for ‘Covestro’
ADNOC today announced that ADNOC International Limited (ADNOC International), has entered into an investment agreement with ...
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Joint venture set to accelerate ambitious Abu Dhabi drilling campaign
The JV, dubbed Turnwell Industries, is accelerating the 144 unconventional oil and gas well programme, "following the ...
Patterson-UTI and ADNOC Drilling Sign Agreements to Formalize the Previously Announced Joint Venture in the UAE
UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, TW Holdings LLC, has signed the previously announced joint venture agreement ...