National Oilwell Varco Enters JV with Fabtech

National Oilwell Varco, Inc. has signed a definitive agreement with Fabtech International Limited, a UAE based fabrication business, to enter into a joint venture for the provision of rig up and structural refurbishment services for the Middle East and North African land rig markets. Terms of the joint venture were not disclosed. Closing is subject to regulatory approvals.

Pete Miller, Chairman, President and CEO of National Oilwell Varco, remarked, "This joint venture moves us closer to customers in the Middle East and North Africa by providing us with a local rig assembly presence. These markets are experiencing rapid growth, and we believe that our joint venture with Fabtech will allow us to continue to grow our business in these critical regions."

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Specialist
Expertise: Business Development|Sales
Location: Midland, TX
 
Fire Protection Project Manager
Expertise: Engineering Manager
Location: Corona, CA
 
Account Manager
Expertise: Business Development|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours