Deepwater, harsh environment drilling rig supply reaches critical stage
Journal Article
·
· Petroleum Engineer International
OSTI ID:137142
This paper reviews the steady decline of oil prices and the affects this is had on the construction of new deepwater drilling rigs. However, as the decline of construction in new rigs occurs, the success of deep water drilling is requiring the use of the existing drilling equipment. As a result a deepwater drilling rig shortage is anticipated. It provides data showing the amount of drilling activity going on in deepwater regions and the anticipated supply and demand for these rigs. It makes recommendations on the construction of new rigs while minimizing potential economic liabilities.
- OSTI ID:
- 137142
- Journal Information:
- Petroleum Engineer International, Journal Name: Petroleum Engineer International Journal Issue: 9 Vol. 68; ISSN 0164-8322; ISSN PEEID4
- Country of Publication:
- United States
- Language:
- English
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