A drilling rig is structure-housing equipment used to drill into underground reservoirs for water, oil, or natural gas, or into sub-surface mineral deposits
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(MENAFN) Former Saudi Aramco executive said the state-run energy company seeks to boost its drilling-rig operations by 12 percent to 145 in 2012, to increase natural-gas and oil output from its Manifa field, Bloomberg reported.
US oil and gas drilling rig activity this week dropped 11 rigs to 2,008 total rigs working. The rig count for the week ended Dec. 22 was up by 294 from the comparable period a year ago, Baker Hughes Inc. reported.
PGI Energy, Inc. (pinksheets:PGIE) announces near completion of two drilling rigs under its $68 million contract with its subsidiary business PGI Engineering & Manufacturing formerly known as Structural Dynamics Engineering.
HRT Participações em Petróleo S.A., Thursday signed a contract with the Joint Venture Andrews Technologies, Inc. and Sichuan Honghua Petroleum Equipment Ltd. for the acquisition of four heli-transportable drilling rigs for the exploratory campaign in the Solimões Sedimentary Basin.
Drilling Rigs
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