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BRIEF-National Oilwell announces joint venture with Saudi Aramco

May 22 National Oilwell Varco Inc:

* NOV announces joint venture with Saudi Aramco to manufacture high-specification drilling rigs and advanced drilling equipment

* National Oilwell Varco Inc - memorandum of understanding, which includes a detailed commercial term sheet, remains subject to final negotiation

* National Oilwell Varco Inc - entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia

* National Oilwell Varco Inc - NOV will own a 70pct interest in joint venture, while Saudi Aramco will own 30pct Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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