Rigs in short supply for UK offshore wells

Offshore staff

ABERDEEN, UK – Awilco Drilling says rig availability is limited offshore the UK for the remainder of 2012.

Tendering activity is, therefore, to focus on start-up of operations in 2013, with numerous significant requirements still outstanding. In some cases, operators are considering postponing programs into 2014.

Day rates continue to increase, Awilco adds, to around $360,000 for semisubmersibles, as evidenced by the company’s most recent contract.

5/31/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...