UAE-based National Drilling Company (NDC) recently signed an agreement with China Petroleum Technology & Development Corporation (CPTDC) to obtain nine new land rigs, with a total value close to Dh1 billion ($272 million).

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

A as per the signed agreement, 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.

Al Suwaidi said 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. – TradeArabia News Service