TITLE

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

AUTHOR(S)
Smith, Jennifer E.
PUB. DATE
June 1999
SOURCE
Offshore;Jun99, Vol. 59 Issue 6, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
2054821

 

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