Nabors Industries is one of the leading oil and petroleum manufacturers in the entire country. The company is known for the wide variety of oil and drilling services that provides. Nabors Industries is especially well known in the sector for having one of the biggest operations in the entire country. Earlier this year, the company made a huge leap in the industry by signing a deal with Tesco Corp, a company based in Houston. This acquisition proved to be extremely beneficial for the company and opened up new arrays for them to divulge into. With this, the company will now be able to expand their services to a whole new range of customers. Tesco Corp currently operates out of Houston, Texas. The entire partnership agreement will come into effect by the end of this year. This has been one of the biggest steps for Nabors and is leading them on a path that is favorable for their growth and development. The deal will also do well for the stock prices of the company, which are set to go up after the agreement comes into full effect.
Anthony Petrello is the currently chief executive officer of the company, and the person driving this entire deal into place. He has actively been involved with every aspect of the deal and has been working hard to ensure that everything is right where it should be. He had a well thought out plan for the company and is now operating in its execution. He foresees that the firm will be able to make approximately twenty million in profits a year after the partnership deal begins. Having as much experience as he does in this sector has significantly benefited the company, since he is able to identify what sectors the company can capitalize on to learn more about us: http://fuelfix.com/blog/tag/anthony-petrello/ click here.
Through this acquisition., Nabors Industries will be able to provide its customers with services that complement the ones they already offer. Tesco offers technology services to companies to help them improve the efficiency of their work, which also works well in collaboration with the engineering services that Narbos already provides.