ADNOC unit to set up investment JV with Alpha Dhabi
ADNOC Drilling Company, a unit of Abu Dhabi National Oil Company (ADNOC), has teamed up with Alpha Dhabi to set up a joint venture (JV).
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ADNOC Drilling Company, a unit of Abu Dhabi National Oil Company (ADNOC), has teamed up with Alpha Dhabi to set up a joint venture (JV).
Leading Abu Dhabi entities - Adnoc Drilling Company and
Leading Abu Dhabi entities - Adnoc Drilling Company and Alpha Dhabi Holding - have reached an agreement to establish a strategic investment JV that will invest $1.5 billion to acquire technology-enabled firms in the oilfield services and energy sectors.
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC have agreed to establish a strategic investment joint venture (JV) to invest up to AED 5.5 billion ($1.5 billion) to acquire technology-enabled companies in the oilfield services (OFS) and energy sectors, Emirates News Agency (WAM) reported on Saturday.
The partnership will see investments of up to $1.5 billion