Printer Friendly
The Free Library
23,403,340 articles and books


Oderco to supply 10 rigs.

(Image: )

Oderco Oil Equipment Company has bagged a Dh500 million ($136 million) contract to supply 10 onshore rigs to a US-based drilling contractor. "We will be supplying one rig every month, January 2009 onwards. The last rig will be supplied by October next year," Dr Samir Ghalayini, chairman of Oderco, was quoted as saying by the Dubai press. Oderco refused to name the US contractor but said the rigs would be used for drilling in US oil and natural gas fields. The firm manufactures both offshore and onshore rigs and has till date sold nine rigs to buyers in Saudi Arabia, Oman, Kuwait and Singapore. Ghalayini said the contractor had hinted at more orders for rigs on completion of this order.

Copyright 2008 www.tradearabia.com

Copyright 2008 Al Hilal Publishing & Marketing Group

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Gulf Industry
Date:Sep 1, 2008
Words:141
Previous Article:ADSB profile up with BVT tie-up.
Next Article:Adyard figures in key projects.
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters