Saudi Arabia's TAQA Announces North American Investment and Acquisition Plans at Offshore Technology Conference in Texas
- Aims to invest over $1 billion in new investments and acquisitions over the next 3 years, including the acquisition of two North American companies in oilfield services technology and manufacturing
- TAQA’s 2021 Strategy is to become a leading oilfield services and equipment provider, targeting new markets in the wider Middle East & North Africa (MENA) and investments in North America and other regions
- TAQA’s drilling subsidiary recently announced the acquisition of Middle East drilling rigs business of Texas-based Schlumberger for $415 Million
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