Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lucretius who wrote (2989)	11/15/1997 12:16:00 AM
From: Bob (Hijacked)	Read Replies (1) of 95453

Offshore Data says 40 rigs under construction NEW YORK, Nov 14 (Reuters) - Offshore Data Services Inc said in a statement with its weekly rig count that at present 40 new mobile offshore drilling units are under construction. ''This month alone, plans for as many as eight new mobile offshore drilling rigs surfaced,'' the consultancy said. Of the eight, the only jackup being built does not have a contract, said Tom Marsh, drilling editor at Offshore Data. Marsh said that the long lead time for construction, most rigs will not be delivered until 1999, means that there is not going to be oversupply. Shares in the sector tumbled yesterday on worries that demand for rigs may slow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next