Patterson-UTI Drills Into Middle East With ADNOC Partnership
Patterson-UTI Drills Into Middle East With ADNOC Partnership
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) disclosed that its subsidiary, Patterson-UTI International Holdings, Inc., inked a non-binding term sheet with ADNOC Drilling.
帕特森-UTI能源公司（納斯達克股票代碼：PTEN）透露，其子公司帕特森-UTI國際控股公司與ADNOC Drilling簽署了一份不具約束力的條款表。
As per the deal, Patterson-UTI expects to hold a minority equity interest in Turnwell Industries LLC OPC, which was recently formed by ADNOC Drilling.
根據該交易，Patterson-UTI預計將持有最近由ADNOC Drilling成立的Turnwell Industries LLC OPC的少數股權。
Patterson-UTI projects that Schlumberger Middle East SA will also hold a minority equity interest in Turnwell, which won a $1.7 billion contract to drill and complete 144 unconventional wells for ADNOC in UAE. Schlumberger Middle East SA is a subsidiary of Schlumberger N.V. (NYSE:SLB).
Patterson-UTI預計，斯倫貝謝中東股份公司還將持有特恩威爾的少數股權。特恩威爾贏得了一份17億美元的合同，將在阿聯酋爲ADNOC鑽探和完井144口非常規油井。斯倫貝謝中東股份公司是斯倫貝謝公司（紐約證券交易所代碼：SLB）的子公司。
In exchange for the minority equity interest, Patterson-UTI plans to offer drilling, completion, and other oilfield service expertise to Turnwell and a limited cash contribution to fund the portion of working capital.
作爲少數股權的交換，Patterson-UTI計劃向特恩韋爾提供鑽探、完井和其他油田服務專業知識，並提供有限的現金捐款，爲這部分營運資金提供資金。
Andy Hendricks, Patterson-UTI's Chief Executive Officer, said, "We are pleased that ADNOC Drilling recognizes Patterson-UTI as a premier drilling and completions company and technology leader, and we look forward to reaching an agreement to bring our expertise to the initial phase of this groundbreaking project."
Patterson-UTI首席執行官安迪·亨德里克斯表示：“我們很高興ADNOC Drilling認可Patterson-UTI爲首屈一指的鑽探和完井公司和技術領導者，我們期待達成協議，將我們的專業知識帶入這個開創性項目的初始階段。”
"I am excited about this potential opportunity to allow Patterson-UTI to grow our presence in the Middle East in a capital efficient manner, as we do not expect to initially contribute any capital equipment. We also do not expect this opportunity to change our previously announced capital expenditure budget or impact our expectation to return at least $400 million to shareholders in 2024 through dividends and share repurchases."
“我對這個潛在的機會讓Patterson-UTI能夠以資本效率的方式擴大我們在中東的影響力感到興奮，因爲我們預計最初不會提供任何資本設備。我們也預計這個機會不會改變我們先前宣佈的資本支出預算，也不會影響我們在2024年通過分紅和股票回購向股東返還至少4億美元的預期。”
This month, the company reported an average of 116 drilling rigs operating in the United States for April 2024.
本月，該公司報告稱，2024年4月，平均有116臺鑽機在美國運行。
Investors can gain exposure to the stock via Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) and VanEck Oil Services ETF (NYSE:OIH).
投資者可以通過景順標普小盤能源ETF（納斯達克股票代碼：PSCE）和VanEck石油服務ETF（紐約證券交易所代碼：OIH）獲得股票敞口。
Price Action: PTEN shares closed lower by 2.42% at $10.89 on Friday.
價格走勢：週五，PTEN股價收盤下跌2.42％，至10.89美元。
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