Drilling rig shortage to frustrate NW Europe exploration

doi:10.3997/1365-2397.16.3.26153

ISSN: 0263-5046
E-ISSN: 1365-2397

Drilling rig shortage to frustrate NW Europe exploration
Source: First Break, Volume 16, Issue 3, Mar 1998,
DOI: https://doi.org/10.3997/1365-2397.16.3.26153
- Published online: 01 Mar 1998

Abstract

A total of 163 exploration and appraisal (E&A) wells are expected to be drilled in Northwest Europe, according to an annual survey of oil company intentions by energy analyst Wood Mackenzie. Although this represents a 4% decrease from the 166 wells drilled in the area last year, demand for semi-submersible drilling rigs for both E&A and development drilling is expected to continue outstripping supply.

EAGE Publications BV

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1998-03-01

2024-04-16

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Article Type: Research Article

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Drilling rig shortage to frustrate NW Europe exploration

Abstract

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