Offshore rig supply is expanding faster than drilling activity

Journal Article · Mon May 03 04:00:00 EDT 1976 · Oil Gas J.; (United States)

OSTI ID:7264727

Moore, III, W D

Increased construction of offshore drilling rigs, initiated by the oil crisis, has led to an increased number of idle rigs, although improving economic conditions and governmental attitudes toward offshore drilling could absorb the construction boom. The new drilling rigs have improved design, incorporating as standard items features that were luxuries only a few years ago. The most active areas for mobile rig utilization are North America, the North Sea, Latin America, the Arabian/Persian Gulf, and the Mediterranean. The activity in each of these areas is discussed. (JSR)

• OSTI ID: 7264727
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 74:18; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ARABIAN SEA
ATLANTIC OCEAN
CARIBBEAN SEA
DEMAND FACTORS
DRILLING
EXPLORATION
GEOLOGIC DEPOSITS
GULF OF MEXICO
INDIAN OCEAN
MEDITERRANEAN SEA
NATURAL GAS DEPOSITS
NORTH SEA
OFFSHORE DRILLING
OFFSHORE PLATFORMS
PACIFIC OCEAN
PERSIAN GULF
PETROLEUM DEPOSITS
RESOURCES
SEAS
SURFACE WATERS