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OFS - Weatherford almost finished with land rigs sale - March 2019



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Weatherford International completed the sale of four contracted drilling rigs in Algeria, the third of four closings from the $287.5 million sale of its land rig operations in the Middle East. The company expects the transaction to be wrapped up by the end of March, after the remaining two rigs are relocated within Algeria and transferred.In Algeria, Weatherford is transferring six drilling rigs, 350 employees and contractors and associated customer contracts to ADES International......
 
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