A year earlier, the state had 138 active rigs
, according to Baker Hughes.
Price--When purchasing a new exploration or production drill rig
, it can be tempting to shop on price because there are a lot of low-cost options out there.
'We just commissioned our rigs
that the FEC approved for us.
This sentiment was echoed by Asry acting chief executive Magdy Mustafa, who said "even during market downturns, having multiple and diverse revenue streams provides more opportunities, as is being visibly demonstrated by our recent rig
"Following the uncertainty that dominated the rig
market in 2015 due to major global oil price fluctuations, Mideast rig
owners and operators have a clearer understanding in 2016 of the future course for the market," Bryant explained.
The official informed that the company had drilled, through both owned and rented rigs
, around 84 oil and gas wells in different parts of the country during last four years and made 13 discoveries from September 2012 to January 2016.
The "Shuwehat" rig
is the 11th Super 116E jackup drilling unit that the group has delivered to various clients during the last six years, said the company in a statement.
"Anglers picked up on the rig
immediately, and by the next year, the bite had slowed some," he says.
The jack-up drilling rig
'Msheireb', which was acquired by Gulf Drilling International (GDI) earlier this year and refurbished, has been accepted by Occidental Petroleum of Qatar (Oxy) for drilling operations that are set to commence this week.
It was a typical winter day in February 2013 on Alaska's North Slope when Parker Drilling's Rig
Albany, NY, February 20, 2013 --(PR.com)-- GBI Research, a leading business intelligence provider, has released its latest research, Offshore Rig
Construction Market to 2016 and Current Rig
Deployment Scenario Rig
Designs Promoting Better Safety Conformation and Increased Operational Capabilities being Key to Newbuild Orders.
A huge gas-drilling rig
has sunk beneath the waters of the Persian Gulf as workmen were trying to set it up to draw more gas from the South Pars gasfield.