NDC awards contract for 9 onshore drilling rigs

In keeping with its pledge to support the role of Abu Dhabi National Oil Company (Adnoc) in maximising economic and social benefits form UAE oil and gas resources, National Drilling Company (NDC) is sustaining its commitment to progress and develop persistently, through expanding its rigs fleet substantially, so as to meet all current and future requirements of its clients.

Within this backdrop, NDC recently signed an agreement with China Petroleum Technology & Development Corporation (CPTDC) to obtain 9 new land rigs, with a total value close to Dh1 billion.

The new 9 rigs which will join NDC fleet during 2015 are additional to the 11 land rigs manufactured earlier by CPTDC, a wholly-owned subsidiary of China National Petroleum Corporation (CNPC) and were received by NDC throughout the last 3 years.

Furthermore, as per the signed agreement, NDC has the option for obtaining additional Rigs with the value of another one billion Dirhams.

The agreement was signed by NDC Chief Executive Officer Abdalla Saeed Al Suwaidi, and CPTDC Vice President Fan Shehong. Present in the ceremony were member of NDC Board of Directors Omar Suwaina Al Suwaidi, Senior Vice President (Technical) Mohammed Abdullah Al Raeesi, and Senior Vice President (Administration) Anas Ahmed Al Qubaisi.

750hp Hydraulic Land Drilling Rig

1000HP Hydraulic Land Drilling Rig

This is an extract from http://www.emirates247.com/business/economy-finance/ndc-awards-contract-for-9-onshore-drilling-rigs-2013-11-11-1.527682