Middle East Economic Survey

VOL. XLVIII

No 7

14-February-2005

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National Drilling Company Boosts Revenues Amid Planned Fleet Expansion

Abu Dhabis National Drilling Company (NDC), a wholly-owned subsidiary of ADNOC, on 6 February announced that it earned a total of Dh1.5bn ($408mn) in revenue in 2004. It also said it would expand its fleet during 2005, taking delivery in September of a new jack-up drilling rig under construction in Singapore by Keppel Fels. NDC intends to commission the...