ADNOC Drilling establishes joint venture with SLB and Patterson-UTI

ADNOC Drilling, a subsidiary of the state-owned oil giant of the United Arab Emirates, has announced the signing of a contract to establish Turnwell Industries. This new joint venture combines forces with the renowned companies SLB and Patterson-UTI, which operate in the oilfield services sector. This strategic partnership aims to pool the competencies of the involved companies and advance innovative solutions in the oil and gas sector. By combining the expertise and resources of the three companies, Turnwell Industries aims to enhance efficiency and technological advancements in the industry. The agreement symbolizes a significant step towards strengthening the competitiveness of the involved players in the global energy market and underscores their commitment to facing the challenges of the evolving industry.