Reed-Hycalog: US rig fleet utilization hits 20-year high

Click here to enlarge imageUS land and marine drilling rig fleet utilization hit a 20-year high of 93% in second quarter 2001, up from 74% last year, according to the 49th annual Schlumberger Ltd. Reed-Hycalog Rig Census, presented at the recent International Association of Drilling Contractors annual meeting in New Orleans (Fig. 1a).After a 2-year decline, the available rig count increased by 86 units, or 5%, to 1,722 rigs available in 2001, up from last year's record low in the 49-year history of the census of 1,636 rigs available (Fig. 1b).John Deane, vice-president of drilling technologies with the Schlum berger Oilfield Services in Houston said, "The decline in the number of ri...

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