Cooper and Beach spud Penneshaw-1 well in Australia’s Cooper Basin
The well is anticipated to complete within 12 days.
The well is anticipated to complete within 12 days.
The new company will manage the operations of five Rowan jack-up rigs currently in Saudi Arabia.
The forum will take place in Dubai next February and includes International EPCs, Drilling Contractors, NOCs and IOCs.
The oil and gas industry is known for being cyclical, however, the current reality of a ‘lower for longer’ oil price has made sanctioning large offshore projects financially unviable.