Al-Arabiya channel quoted sources, speaking on the condition of anonymity, that the two companies have already finished putting the finishing touches to the agreement and there is nothing left but to officially announce it during the remaining days of April. Ongoing.
And if this deal is done according to the sources, it will be considered one of the major deals that take place in the Saudi market and the region as a whole, given the volume of the companies ’assets and their huge business with the global oil giant, Aramco and Saudi Arabia, In 2017, Aramco established two contracts for drilling rigs and services for oil and gas wells on Schlumberger, and the contract included providing the integrated drilling services sector in Schlumberger drilling equipment and services for gas wells of up to 146 wells, and oil wells of up to 128 wells over a period of three years. .
The sources reserved to mention the value of the deal, but indicated that the acquisition of Arab Drilling on the drilling sector in Schlumberger Saudi Arabia would enhance the position of the Arab Drilling Company in the oil well drilling sector And natural gas, according to the newspaper, Al-Mal.
It is noteworthy that Schlumberger currently owns 49% of the capital of the Arab Drilling Company, which was established in 1964.
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