drilling rigs
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The deal adds 16 super-spec land rigs to Patterson UTI’s domestic fleet and will result in the sale of Pioneer’s well service business. -
The hybrid power technology cuts fuel consumption and boosts the dynamically positioned rig’s station-keeping reliability, the drilling contractor says.
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The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.
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Falling oil prices are the acid test of drilling efficiency. SPE Technical Director Jeff Moss of ExxonMobil talks about ways to build in lasting savings as part of this special report.
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Offshore drillers have been battered by the plunge in oil prices with falling day rates and a growing number of older rigs headed for demolition.
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