Offshore Rig Count is unchanged at 28 and up 10 rigs year-over-year.
Commenting on the contracts in a statement, chief executive officer of ADES, Dr Mohamed Farouk, said: "Our contract for Egypt's
offshore rig reinforces the strength of ADES' business model, focused on providing tailored solutions and superior services in a highly-competitive market.
The platform offers on demand access to real time data and analysis for the global
offshore rig market.
GO4SPEED is ideal for any vessel or
offshore rig and can enhance the onboard internet with download speeds up to 100Mbps (4G/LTE carrier dependent).
SinoTharwa currently owns and operates 18 rigs; 13 land drilling rigs, four work-over rigs and an
offshore rig.
He said overhauling of one offshore and five onshore drilling rigs is on agenda and since overhauling of the
offshore rig is costly, tender will be held for the purpose to selected the foreign partner and financier of the project.
The $65 million valuation will likely prompt creditors to take a more conservative view of
offshore rig values, which could lessen recovery prospects in an offshore driller default scenario.
The helicopter was carrying workers from an
offshore rig in the North Sea before it went down Friday on Turoey, a tiny island outside Bergen, Norway's second-largest city.
The international
offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the 314 counted in January 2015.
Tetra is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, after-frac flow back, production well testing,
offshore rig cooling, compression services and equipment, and selected offshore services including well plugging and abandonment, decommissioning, and diving.
The favourable year-on-year positive net profit variance in the drilling segment of QR 284.2mn, or 174.7%, was driven primarily by the additional profit attributable to the buyout of the interest held by its overseas drilling partner; the commencement of 'Al-Jassra', 'Leshat', 'Msheireb' and 'Rumailah' operations, and to higher daily rates received for the extension of three
offshore rig contracts in 2013.
offshore rig - drilling rig consisting of an offshore platform (floating or fixed to the sea bed) from which many oil wells can be bored radially