National Drilling signs $543 million in deals for 14 new rigs

The National Drilling Company has signed contracts worth US$543 million to acquire 14 new rigs, state news agency Wam said on Sunday.

One offshore and one onshore rig will be manufactured in the United Arab Emirates as part of the deals, Wam said.

The new contracts are a reflection of the firm’s plans for growth and a result of growing demand from its customers, it said.

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