Grupo R orders four jack-up rigs to Keppel for Pemex The Mexican construction and oil field service company Grupo R ordered four jack-up drilling rigs to Keppel Fels in Singapore to support the exploration and production program planned by Petróleos Mexicanos (Pemex) to stop the Mexican production to decline and to (more…)
Read moreStatoil validated concept for $4 billion Dagny and Eirin oil and gas fields development Partners and actual interests in Dagny are split between: - Statoil 58.5% - ExxonMobil 33% - Total 6.5% - Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in (more…)
Read moreZadco Offshore Upper Zakum to be awarded soon
Abu Dhabi’s Zakum Development Company’s (ZADCO) mandate was to develop the Upper Zakum field on behalf of ADNOC and for the benefit of the shareholders: ADNOC 60%, ExxonMobil 28% through its local subsidiary ExxonMobil Abu Dhabi Offshore Petroleum Company Ltd. (EMAD), and Japan Oil Development Company Ltd. (Jodco) holding the remaining 12%. ExxonMobil, (more…)
Read moreWith more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this (more…)
Read moreJack-up
Definition: “Jack-up” is the name given to a category of offshore drilling rigs. These Jack-up rigs are easy to recognize by their long steel frame legs supporting the platform. Comments: There are three basic types of offshore drilling rigs, Jack-up, Drilling ships and Semi-submersible. These types have different design and costs, (more…)
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