Joint Venture Between Parker Drilling and Al-Rushaid to Carry Out Drilling Work for Saudi Aramco

摘要

The U.S.company Parker Drilling Company and the Saudi firm Abdullah Rasheed Al-Rushaid Company for Drilling Oil and Gas Limited (Al-Rushaid) have announced the formation of a 50:50% joint venture to execute four drilling contracts for Saudi Aramco.Called Al-Rushaid Parker Drilling LLC,the joint venture will utilize new drilling rigs for the contracts,each of which is for a three-year period,renewable for one year.