Abdalla Saaed Al Suwaidi
,CEO,National Drilling Company
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National Drilling Company in the UAE has signed $543mn contracts to buy 14 new rigs in 2015, despite the challenging conditions in the industry. The man in the hot seat, Abdalla Saaed Al Suwaidi, said the new contracts are part of the company’s expansion plans and the result of growing demand. One of the contracts was signed with National Oilwell Varco for the construction of one onshore rig, while another was awarded to Lamprell to build an offshore one. The two rigs have a combined value of $203mn and will be built in the UAE.
