* JV AlMansoori-Key Energy Services LLC, to be in Abu Dhabi
* To provide services in N. Africa and Middle East
* Capital to be contributed once projects are identified
March 8 Oil service provider Key Energy
Services Inc (KEG.N) said it has formed a new joint venture
with Abu Dhabi's AlMansoori Specialized Engineering to provide
well intervention services in the Middle East and North Africa.
The joint venture, AlMansoori-Key Energy Services LLC,
headquartered in Abu Dhabi, will have Key Energy and AlMansoori
initially contributing capital as projects are identified and
The results of the venture will be consolidated by Key
Energy, the company said in a statement.
Shares of Key Energy closed at $10.86 Friday on the New
York Stock Exchange.
(Reporting by Arundhati Ramanathan in Bangalore; Editing by
Bijoy Koyitty) ((email@example.com;
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