land drilling rigs

Weatherford International plc today announced it has completed the sale of four contracted drilling rigs in Algeria. The Company expects that the remaining two rigs will transfer within the following four weeks after relocating within Algeria. This will complete the sale of Weatherford’s land drilling operations in Algeria, which in total includes six …

North Atlantic Drilling Ltd.  is pleased to announce that an agreement has been signed whereby NADL will purchase a significant portion of Rosneft’s land drilling fleet in Russia. Approximately 150 rigs will be acquired along with an award of new 5 year contracts with Rosneft for these units. Following the …

Weatherford International plc  entered into agreements with Rosneft for the sale of the Company’s land drilling and workover operations in Russia and Venezuela. The consideration is $500 million in cash. The Russian rig operations include 61 land drilling crews and a fleet of workover rigs, essentially pulling units while the Venezuela operations include 6 land drilling rigs. The …

Rosneft President Igor Sechin and Vice President of Weatherford International plc. for Russia Lance Marklinger signed an agreement for the acquisition of Rosneft land drilling and workover assets of Weatherford in Russia and Venezuela. The agreement envisages the acquisition of 8 companies (part of the Weatherford group) involved in drilling …

Drill Rigs: Questions answered by: Pat Sullivan: Global Product Line Director for Land Rigs for National Oilwell Varco Dirk Schulze: CEO of Bentec GmbH Drilling and Oilfield Systems Yuri Parnivoda: General Manager of Drillmec Russia, Moscow 1. What is the current state of play in the rig market in Russia? …