The company has announced that its Middle East business unit has been awarded a subsea services contract in a G.C.C country with an initial contract value of US$17 million.
Drilling & production - 08 October 2018
The companies have signed two agreements as part of the comprehensive partnership announced in 2017.
Sirius has sourced and signed an agreement with Shelf Drilling Limited to supply its Adriatic I jack-up rig which is scheduled to become available during November and is in close proximity to the Ororo field.
Under the proposed terms of the MOU and subject to final legal agreement, Bago will acquire the total amount of gas produced from West Rustavi, subject to a minimum of 1000 m³ of gas per day.
BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at US$11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities