World demand for ‘ultra-deepwater’ rigs expected to increase, say drilling executivesTransocean and GlobalSantaFe execs see usage driven by move to deeper drilling as companies chase dwindling reserves Ray Tyson Petroleum News Houston Correspondent
Big contract drilling companies Transocean and GlobalSantaFe, which between them own two-thirds of the world’s offshore rig fleet, are predicting a healthy improvement in global drilling markets, in particular the “ultra-deep” waters over 7,000 feet in the Gulf of Mexico and West Africa.
Industry f....
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Backlog 25 percent ahead of 2003 Companies forced into deeper waters
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