Lengthy contracts prevent rig use collapse in wake of soft oil prices

Smith, Jennifer E.
June 1999
Offshore;Jun99, Vol. 59 Issue 6, p44
Trade Publication
States that offshore oil and gas drilling rig utilization remained high in the Gulf of Mexico through most of 1998. Source of a significant portion of the high percent utilization rate during 1997-1998; Common reaction on the budget shortfalls caused by getting far less for oil and gas than expected; How oil prices will affect rig utilization.


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