Reuters logo
BRIEF-National Oilwell announces joint venture with Saudi Aramco
May 22, 2017 / 11:05 AM / 7 months ago

BRIEF-National Oilwell announces joint venture with Saudi Aramco

May 22 (Reuters) - National Oilwell Varco Inc:

* NOV announces joint venture with Saudi Aramco to manufacture high-specification drilling rigs and advanced drilling equipment

* National Oilwell Varco Inc - memorandum of understanding, which includes a detailed commercial term sheet, remains subject to final negotiation

* National Oilwell Varco Inc - entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia

* National Oilwell Varco Inc - NOV will own a 70pct interest in joint venture, while Saudi Aramco will own 30pct Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below