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Oderco wins US rigs contract

August 04, 2008: Oderco Oil Equipment Company has won a Dh500 million order from a US-based drilling contractor for the supply of 10 onshore rigs. Oderco will be supplying one rig every month, January 2009 onwards.

The construction of the rigs to be delivered under the order has already begun. The contractor will deploy the rigs manufactured by Oderco for drilling in the US oil and natural gas fields. Rigs once built will be shipped from Abu Dhabi to Houston. The US company will take the delivery of the rigs there

Oderco manufactures both offshore and onshore rigs. It has built nine rigs and sold them to buyers in Saudi Arabia, Oman, Kuwait and Singapore.

Source: Gulfnews.com