National Drilling Company opens new jack-up rig in UAE

30/03/2015 06:51 AST

National Drilling Company (NDC) has marked the inauguration of its new modern offshore rig, Butinah, at a ceremony held in Sharjah.

Butinah is the sixth rig in a series of eight similar units being acquired by NDC and manufactured in the UAE by Lamprell.

Commenting on the inauguration during the ceremony held in the presence of Khamis Bin Salem Al Suwaidi, Member of Sharjah Executive Council, Chairman of Department of Suburbs and Villages Affairs, NDC CEO, Abdalla Saeed Al Suwaidi, said: “A reliable, modern rig fleet is essential to maintain NDC’s sustainable success, therefore, the company launched this strategic Offshore Rigs Acquisition Project to maintain the highest levels of reliability and availability, and ensure complete preparedness to meet the clients’ present needs and future requirements.” Al Suwaidi added: “This mega project has made success after success not only for the partners involved.”


WAM

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Recent News

Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap