Drillers face unprecedented rig backlog
Contracted drilling rig backlog grows to $34.5 billion in tight world market
For Petroleum News
Five of the leading offshore drilling companies in the world have accumulated a hefty $34.5 billion in contracted rig backlog, according to information compiled by the largest offshore driller of them all, Transocean.
“This is unprecedented in the offshore drilling business,” Transocean spokesman Gu....
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Demand fueled by prices
$3 billion backlog for 2006
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