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The company recently announced the sale of its land drilling operations in Algeria, Iraq, Kuwait and Saudi Arabia to ADES International Holding.. In exchange for about $287 million, ADES will acquire 20 active rigs — as well as 11 idle rigs — and approximately 2,300 employees and contractors.

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Weatherford completes sale of Saudi Arabia land drilling rigs

The sale included 11 drilling rigs, 923 employees and associated customer contracts to ADES International Holding for $92.5m in cash. In July 2018, a subsidiary of Weatherford signed

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Noble Announces Acquisition of Pacific Drilling

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Saudi Arabia's booming startup ecosystem | Arab News

 · As for the number of rigs, Saudi Arabia experienced a similar trend to other OPEC countries as its number of active rigs dropped noticeably from 115 in 2019 to 59 in 2020 — a decrease of 56 rigs.

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Saudi Arabia Averagel CO.,LTD

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Saudi Arabia - Oil and Gas

 · The Saudi Arabian government (SAG) 2020 budget projection released December 9 plans for total expenditures of about $272 billion before declining to $255 billion in 2022. Projected revenues for the year are $222 billion, resulting in a $50 billion deficit, or 6.4 percent of GDP. The government has budgeted for non-oil revenue to reach $85 ...

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One million homes needed in Saudi Arabia by 2030 | Arab …

 · RIYADH: Saudi Arabia will require one new million homes in the next 10 years as demand in the Kingdom's rapidly expanding cities intensifies. A report by real estate group Colliers said growing ...

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