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-Nabors and Weatherford Form Alliance for Integrated Drilling Solutions

Feb 03, 2017 - ENP Newswire

HAMILTON, Bermuda and BAAR, Switzerland - Nabors Industries Ltd. (NYSE: NBR) and Weatherford International plc (NYSE: WFT) announced today they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the United States.

The MOU states that Weatherford will bring well construction expertise, managed pressure drilling (MPD) solutions, directional drilling capabili...