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Trinidad Drilling, Halliburton Ink International Drilling JV

Trinidad Drilling Ltd. Halliburton
AnnouncedSep 3, 2013
TypeJV
Announced Date
September 03,2013
Transaction Type
JV




Snapshot
Location
Region
Middle East,Latin America

Country
Mexico

Country
Saudi Arabia


Transaction Details:  Subscribe to see

Trinidad Drilling Ltd. has entered into a joint venture arrangement with a wholly-owned subsidiary of Halliburton Company to provide and operate drilling rigs for Halliburton's international integrated projects.

The joint venture is expected to concentrate initially on the Kingdom of Saudi Arabia and Mexico, with future growth opportunities in other international markets. Under this arrangement, the joint venture will have a right of first look to provide drilling rigs for all of Halliburton's managed onshore projects outside of Canada and the United States. Additionally, the joint venture…

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