Clik here to view.
Jack-up
Definition: “Jack-up” is the name given to a category of offshore drilling rigs. These Jack-up rigs are easy to recognize by their long steel frame legs supporting the platform. Comments: There are...
View ArticleClik here to view.
$75 billion CAPEX planned in drilling rigs on next 5 years
With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to...
View ArticleClik here to view.
ONGC to invest $6.4 billion in Exploration Production next year
The national India Oil & Natural Gas Corporation (ONGC) is a major local offshore drilling rigs operator and still intends to do so as to support the off Eastern India Oil & Gas fields...
View ArticleClik here to view.
Zadco Offshore Upper Zakum to be awarded soon
Abu Dhabi’s Zakum Development Company’s (ZADCO) mandate was to develop the Upper Zakum field on behalf of ADNOC and for the benefit of the shareholders: ADNOC 60%, ExxonMobil 28% through its local...
View ArticleClik here to view.
Statoil Dagny Jack-up drilling rig awarded to Maersk
Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development Partners and actual interests in Dagny are split between: - Statoil 58.5% - ExxonMobil 33% - Total 6.5%...
View ArticleClik here to view.
Drilling Charter
Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is...
View ArticleClik here to view.
OMV takes 20% stakes in Edvard Grieg (Luno) North Sea development
OMV to replace RWE in Lundin’s Edvard Grieg project In October 2012, the Austrian-based OMV took over the 20% share held so far by the German RWE in the Edvard Grieg offshore project just after that...
View ArticleClik here to view.
Pemex to ramp up investments to increase production in 2013
Grupo R orders four jack-up rigs to Keppel for Pemex The Mexican construction and oil field service company Grupo R ordered four jack-up drilling rigs to Keppel Fels in Singapore to support the...
View Article
