Trinidad Drilling enters joint venture with Halliburton

Trinidad Drilling (TDGCF.PK) enters a joint venture deal with a unit of Halliburton (HAL) to provide and operate drilling rigs for HAL's international integrated projects.

The JV is expected to concentrate initially on Saudi Arabia and Mexico, with a right of first look to provide drilling rigs for all of HAL's managed onshore projects outside of Canada and the U.S.

Trinidad says it has committed C$72M to upgrade and build rigs.

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