Drilling fleet active in the Gulf of Mexico, Caribbean

07/19/2004
Demand for drilling rigs is picking up worldwide and a shrinking Gulf of Mexico fleet is tightening the local market. Click here to enlarge imageAccording to the US Department of the Interior's Minerals Management Service, 390 wells have been spud in the Gulf of Mexico in the first 6 months of the year. As of June 21, 2004, there were 40,210 applications approved to drill in Gulf of Mexico waters up to 200 m deep, most of which could be drilled with jack up rigs. There were also 3,325 applications approved for drilling in waters deeper than 200 m, all of which would require floating rigs (Table 1). Central Gulf of Mexico Lease Sale 190, held Mar. 17, 2004, brought in $364,024,583 in ...
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