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NDC to spend Dh1 billion to expand fleet of land rigs

National drilling Company, or NDC, a unit of Adnoc, will spend Dh1 billion to expand its fleet of land rigs.

Abu Dhabi National Oil Company, or Adnoc, in maximising economic and social benefits form UAE oil and gas resources, is investing heavily into its fleet to meet all present and future requirements of its clients. NDC recently signed an agreement with China Petroleum Technology and Development Corporation, or CPTDC, to obtain nine new land rigs, with a total value close to Dh1 billion.

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

NDC has the option for obtaining additional Rigs with the value of another Dh1 billion. 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. The signing ceremony was also attended by BOMCO president Guo Mengqi, and vice-president Hu Baomin. Commenting on the signing of this agreement, NDC CEO Abdalla Saeed Al Suwaidi emphasised that the company places its clients as its top priority, thus its main objective is fulfilling their requirements through providing the best quality of services, not only in terms of technical execution of jobs, but also in terms of readiness, reliability and service quality excellence.