Nabors Industries JV SANAD Receives Notice To Resume Operations For Two Suspended Rigs; Terms Updated
Benzinga Newsdesk 1 year ago
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Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today announced that SANAD, its land drilling joint venture in Saudi Arabia, received notice requesting two rigs, for which work had been temporarily
Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today announced that SANAD, its land drilling joint venture in Saudi Arabia, received notice requesting two rigs, for which work had been temporarily suspended, to resume operations. The rigs are expected to return to service in March 2026 and June 2026, respectively. The terms for each of the drilling contracts have been extended for durations equal to their suspension periods.