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Saudi Arabia’s TAQA drilling subsidiary agrees to acquire Schlumberger’s Mideast drilling rigs business for $415 million

Will create a diversified, pan-regional drilling powerhouse with 58 onshore and 9 offshore rigs and decades of experience across Saudi Arabia, Kuwait, Oman, Iraq and Pakistan
Fully aligned with Saudi Arabia’s Vision 2030, the transaction expected to demonstrate TAQA’s delivery on its transformation strategies to unlock value and drive growth

By Arab News · 28 April 2019