The nationwide active
rig count was down one for the week ended Friday to 987, the lowest weekly
rig count since it fell to 984 for the week ended March 9, 2018.
In November 2018, it declared the closing of its Kuwait land drilling
rigs sale for USD123m in cash and an additional USD12m to be received in equal USD6 increments upon the delivery of two idle land drilling
rigs from Iraq.
It can be a risky purchase if the history and maintenance of the drill
rig aren't known.
Minister of State for Mines and Steel Development, Honourable Abubakar Bwari, who performed the commissioning in Abuja, said the
rigs could go down to 1.5 kilometres, and could still do a lot of things apart from geological data.
For the quarter, they added 95
rigs, the most since drillers added 105
rigs in the first quarter of 2014.
"Asry's diversification into
rig repair has continually proven to be one of the yard's most perceptive moves, with its revenue cycle complementing ship repair's cycle," stated Asry's chairman of the board of directors, Shaikh Daij Bin Salman Al Khalifa.
"This milestone is especially encouraging considering the enormous pressure the
rig market is still under," added ASRY offshore services general manager, Rob Bryant.
The increased movement in
rig repair market comes on the heels of an uncertain 2015.
Besides, he said, OGDCL had eight rented
rigs operating at different oil and gas wells with contractors' own workforce and other resources.
Each author has apparently supplied his or her own photos and or illustrations, and they vary from great (diagrams of Foy
rigs in "Performer Flying" and illustrations of truss in "Lighting Truss") to non-existent (in "Outdoor Roof Structures").
The latest
rig was delivered to the client following the completion of the third and fourth
rigs, the "Qarnin" and the "Marawwah" respectively, earlier this year.
As soon as we began prefishing, the power of the umbrella
rig became evident.
