ADNOC Drilling announced on Tuesday that it has officially closed an agreement to create Turnwell Industries. This joint venture includes oilfield services firms SLB and Patterson-UTI.
The formation of Turnwell Industries is aimed at accelerating the development of unconventional energy resources in the United Arab Emirates. This marks the formal establishment of the partnership previously announced.
The venture is set to leverage the combined expertise and technologies of the three companies. This includes innovations in AI, smart drilling design, completions engineering, and production solutions.
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