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01-03-2019· In July 2018, a subsidiary of Weatherford signed definitive agreements with ADES International Holding PLC for the sale of Weatherford’s land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million (the “Transaction”).
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Weatherford Completes Sale of Algeria Land Drilling Rigs , Feb 27, 2019· The Company expects that the remaining two rigs will transfer within the following four weeks after relocating within Algeria This will complete the sale of Weatherford's land drilling operations in Algeria, which in total includes six drilling rigs, 350 employees and contractors and associated customer
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26-03-2019· In February 2019, the Company announced the completion of the sale of four contracted drilling rigs in Algeria for $40 million in cash. In total, the Company has received aggregate proceeds of $287.5 million that it has already used or intends to use to reduce its debt. Source: Company Press Release Do you have interesting content to share with us?
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03-12-2018· In July 2018, a subsidiary of Weatherford signed definitive agreements with ADES for sale of the company’s land drilling rig operations in Algeria, Kuwait and
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Weatherford Completes Sale of Algeria Land Drilling Rigs,
01-03-2019· This will complete the sale of Weatherford’s land drilling operations in Algeria, which in total includes six drilling rigs, 350 employees and contractors and associated customer contracts to ADES International Holding PLC for $60 million in cash. Proceeds are expected to be received in tranches with $40 million received upon sale of the,
Weatherford Completes Sale of Land Drilling Rigs
25-03-2019· In February 2019, the Company announced the completion of the sale of four contracted drilling rigs in Algeria for $40 million in cash. In total, the Company has received aggregate proceeds of,
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Weatherford Completes Sale of Algeria Land Drilling Rigs , Feb 27, 2019· The Company expects that the remaining two rigs will transfer within the following four weeks after relocating within Algeria This will complete the sale of Weatherford's land drilling operations in Algeria, which in total includes six drilling rigs, 350 employees and contractors and associated customer
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03-12-2018· In July 2018, a subsidiary of Weatherford signed definitive agreements with ADES for sale of the company’s land drilling rig operations in Algeria, Kuwait and
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Weatherford Completes Sale of Algeria Land Drilling Rigs , Feb 27, 2019· The Company expects that the remaining two rigs will transfer within the following four weeks after relocating within Algeria This will complete the sale of Weatherford's land drilling operations in Algeria, which in total includes six drilling rigs, 350 employees and contractors and associated customer
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ADES to acquire 31 onshore drilling rigs from Weatherford,
Weatherford to Sell Drilling Rigs business in Kuwait, Saudi Arabia and Algeria A subsidiary of Weatherford International plc has signed a definitive agreement with ADES International Holding Ltd. for the sale of Weatherford’s land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million.
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UPDATE: Occidental Recalibrates: More Writedowns, One,
11-08-2020· UPDATE: Occidental Recalibrates: More Writedowns, One Permian Rig, Algerian Assets Not for Sale The large independent joins the ranks of many other oil and gas producers who have been forced to reduce their exploration activity and the value of their booked reserves due to lower energy prices.
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