NOCs assemble, employ rig fleets

National oil companies in Brazil, Venezuela, India, Oman, and Kuwait take varied approaches to accomplish their drilling programs.In general, there has been a continuing movement away from operator-owned rig fleets, a trend shared by NOCs. This means they and other operating companies compete for the same rig fleets. Contracts are becoming more standardized for fungible rig requirements, and contracts for offshore rigs are lengthening, particularly for the more limited deep and ultradeepwater units.Although India’s Oil & National Gas Corp. (ONGC) and Brazil’s Petroleo Brasileiro SA (Petrobras) operate offshore rigs, there are no new floaters under construction for any NOC....

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected