Knowing that current market prices for jack-up rigs are around $180,000 per day, the payback period of ~4.5 years is not compelling enough to attract new orders. Even if an offshore drilling ...

Indonesia’s national energy company Pertamina has secured the jack-up rig CPOE 16 from Chinese offshore drilling contractor CNPC Petroleum Offshore Engineering (CPOE) on a four-year firm ...

All four rigs are expected to join the Company’s fleet by year-end, bringing ADNOC Drilling’s total offshore jack-up fleet to 28 operational units, one of the largest operating fleets in the world, ...

Enterprise Offshore Drilling provided ... there are now six active jack-up rigs in the Gulf, and the WFD 400 fills a void for jack- up rigs capable of working in four hundred feet of water.

Borr Drilling (NYSE:BORR) +2.4% in Tuesday's trading after saying it won new contracts for three of its shallow-water rigs with a combined value of $158.6M. Borr (BORR) said it secured a combined ...

Shelf Drilling received notification from a Middle Eastern customer that the latter would suspend the operations of four jack-up rigs. Shelf Drilling Ltd. has received notification from a Middle ...

Adnoc Drilling Company on Wednesday announced it has signed a sale and purchase agreement to acquire an additional premium offshore jack-up drilling unit (the “rig”) for $70 million ... signed on June ...

Adnoc Drilling ... rigs signed in 2022 and four rigs acquired in 2021. Abdulrahman Abdullah Al Seiari, chief executive officer of Adnoc Drilling, said: "The latest acquisition of these premium ...

Abu Dhabi-based ADNOC Drilling Company has announced that it has signed a sale and purchase agreement to acquire a premium offshore jack-up drilling unit (rig) for $70m. The cost of the acquisitio ...

Exciting times ahead! Tower Resources has awarded ADES a contract for drilling in Cameroon. Stay tuned for more updates!

ABU DHABI, 14th December, 2022 (WAM) -- ADNOC drilling Company PJSC (ADNOC Drilling) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) today announced that it has signed an agreement to acquire an ...