Changing the way we drill

changing-the-way-we-drill

Saudi Aramco’s Drilling and Workover (D&WO) marked a major turning point in late 2016 with the signing of two new drilling joint ventures (JVs) with Nabors and Rowan.

Within a few months, the JVs — an onshore JV between Nabors and Saudi Aramco, and an offshore JV with Rowan — will become fully operational, providing Saudi Aramco with the drilling services it needs while also transforming and industrializing the economy and creating thousands of local jobs. Saudi Aramco will have 50% ownership in both JVs.

If all of this sounds familiar, it may be because Saudi Aramco has aligned itself fully with the Kingdom’s own National Transformation Program, as spelled out in the Saudi Vision 2030 plan last year. Together, Saudi Aramco and the Kingdom will ensure that every business activity initiative will not only be good for business, but will also strengthen the economy and the sustainable growth of the Kingdom.

“Our strategy looks to leverage the scale of our drilling activities to create two national champions that will enable the development of a dynamic energy sector,” said AbdulHameed A. Al Rushaid, executive director for D&WO. “The drilling JVs are anchor projects that grew out of Saudi Aramco’s upstream oil field services and equipment industry strategy which supports the wider development and localization of industries such as rig and rig equipment manufacturing and casting and forging, as well as the Maritime manufacturing complex. 

Saudi Aramco’s Drilling and Workover (D&WO) marked a major turning point in late 2016 with the signing of two new drilling joint ventures (JVs) with Nabors and Rowan.

Within a few months, the JVs — an onshore JV between Nabors and Saudi Aramco, and an offshore JV with Rowan — will become fully operational, providing Saudi Aramco with the drilling services it needs while also transforming and industrializing the economy and creating thousands of local jobs. Saudi Aramco will have 50% ownership in both JVs.

If all of this sounds familiar, it may be because Saudi Aramco has aligned itself fully with the Kingdom’s own National Transformation Program, as spelled out in the Saudi Vision 2030 plan last year. Together, Saudi Aramco and the Kingdom will ensure that every business activity initiative will not only be good for business, but will also strengthen the economy and the sustainable growth of the Kingdom.

“Our strategy looks to leverage the scale of our drilling activities to create two national champions that will enable the development of a dynamic energy sector,” said AbdulHameed A. Al Rushaid, executive director for D&WO. “The drilling JVs are anchor projects that grew out of Saudi Aramco’s upstream oil field services and equipment industry strategy which supports the wider development and localization of industries such as rig and rig equipment manufacturing and casting and forging, as well as the Maritime manufacturing complex. 

Saudi Aramco’s Drilling and Workover (D&WO) marked a major turning point in late 2016 with the signing of two new drilling joint ventures (JVs) with Nabors and Rowan.

Within a few months, the JVs — an onshore JV between Nabors and Saudi Aramco, and an offshore JV with Rowan — will become fully operational, providing Saudi Aramco with the drilling services it needs while also transforming and industrializing the economy and creating thousands of local jobs. Saudi Aramco will have 50% ownership in both JVs.

If all of this sounds familiar, it may be because Saudi Aramco has aligned itself fully with the Kingdom’s own National Transformation Program, as spelled out in the Saudi Vision 2030 plan last year. Together, Saudi Aramco and the Kingdom will ensure that every business activity initiative will not only be good for business, but will also strengthen the economy and the sustainable growth of the Kingdom.

“Our strategy looks to leverage the scale of our drilling activities to create two national champions that will enable the development of a dynamic energy sector,” said AbdulHameed A. Al Rushaid, executive director for D&WO. “The drilling JVs are anchor projects that grew out of Saudi Aramco’s upstream oil field services and equipment industry strategy which supports the wider development and localization of industries such as rig and rig equipment manufacturing and casting and forging, as well as the Maritime manufacturing complex. 

Saudi Aramco’s Drilling and Workover (D&WO) marked a major turning point in late 2016 with the signing of two new drilling joint ventures (JVs) with Nabors and Rowan.

Within a few months, the JVs — an onshore JV between Nabors and Saudi Aramco, and an offshore JV with Rowan — will become fully operational, providing Saudi Aramco with the drilling services it needs while also transforming and industrializing the economy and creating thousands of local jobs. Saudi Aramco will have 50% ownership in both JVs.

If all of this sounds familiar, it may be because Saudi Aramco has aligned itself fully with the Kingdom’s own National Transformation Program, as spelled out in the Saudi Vision 2030 plan last year. Together, Saudi Aramco and the Kingdom will ensure that every business activity initiative will not only be good for business, but will also strengthen the economy and the sustainable growth of the Kingdom.

“Our strategy looks to leverage the scale of our drilling activities to create two national champions that will enable the development of a dynamic energy sector,” said AbdulHameed A. Al Rushaid, executive director for D&WO. “The drilling JVs are anchor projects that grew out of Saudi Aramco’s upstream oil field services and equipment industry strategy which supports the wider development and localization of industries such as rig and rig equipment manufacturing and casting and forging, as well as the Maritime manufacturing complex.