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Rig activity strengthening, utilization high

Journal Article · · Oil and Gas Journal
OSTI ID:376262
Strong, stable gas prices have increased demand for offshore rigs worldwide. Several regions have been 100% utilization rates for both jack ups and semisubmersibles. Onshore markets have also improved because of increased gas drilling, but in the US the number of contractors continues to dwindle. The paper gives data on the worldwide demand for jackups and semisubmersibles, US drilling rigs, directional and horizontal drilling activity, rig replacement costs, and new construction.
OSTI ID:
376262
Journal Information:
Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 39 Vol. 94; ISSN OIGJAV; ISSN 0030-1388
Country of Publication:
United States
Language:
English

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