WEATHERFORD & NABORS ALLIANCE
Weatherford International plc (NYSE: WFT) and Nabors Industries Ltd. (NYSE: NBR) announced they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the United States.
The MOU states that Weatherford will bring well construction expertise, managed pressure drilling (MPD) solutions, directional drilling capabilities and drilling hardware, as well as associated software applications and engineering personnel. Nabors…
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