3 major companies create joint venture, Turnwell Industries LLC OPC, for unconventional oil and gas development in UAE with ADNOC Drilling holding majority stake.

SLB, ADNOC Drilling, and Patterson-UTI have created a joint venture, Turnwell Industries LLC OPC, to enhance unconventional oil and gas development in the UAE. ADNOC Drilling holds a 55% stake, SLB 30%, and Patterson-UTI 15%. The partnership aims to leverage advanced technologies and complete 144 wells by 2025, focusing on improved efficiency and performance in drilling operations, benefiting ADNOC's long-term growth strategy.

September 30, 2024
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