Newbuild drilling rigs

Why newbuild orders face high barriers despite offshore drilling

Strong demand for oil combined with high oil prices during the previous offshore drilling upcycle (2010-2014) spurred a wave of new orders for offshore drilling rigs, particularly

SANAD to start 3 additional newbuild rigs in the

Nabors Industries Ltd., through its 50/50 joint venture in Saudi Aramco Nabors Drilling Company (SANAD) with Saudi Aramco, expects 3

Borr Drilling takes delivery of newbuild rig from

Seatrium has delivered another newbuild jack-up rig earlier than expected to Borr Drilling, a UK-headquartered offshore drilling contractor.

How Much Does a Drilling Rig Cost in 2025? (New,

2025 drilling rig cost trends, comparing new vs. used options and exploring buy, rent, or hire choices. Learn about cost factors and make...

Offshore rig demand surges, yet new orders remain

By Angel Gutierrez, S&P Global Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms;

Rig Design | New Build Drilling Facility Design | RigQuip

RigQuip provides complete engineering design services for new build drilling rigs. We support our clients with deep technical knowledge through the drilling

Unit Drilling | Unit Corporation

Unit Drilling Company was founded in 1963 with three drilling rigs. Today, the company operates 14 onshore drilling rigs in various regions throughout the

Lamprell Delivers Newbuild Jack-up Rig ''Kingdom 1''

The rig features high-specification offshore drilling technology, as well as accommodation for up to 120 people. With this handover, Lamprell has

Seatrium completes early delivery of fifth jackup rig to Borr Drilling

Seatrium has successfully delivered its fifth newbuild jackup rig, Var, to Borr Drilling, nearly one year ahead of schedule.

Seatrium completes Borr Drilling order with fifth rig

SINGAPORE, November 18, 2024 – Singapore''s Seatrium Limited has delivered the newbuild jackup rig Var to Borr Drilling, Seatrium announced on Friday.

Borr Drilling snaps up accelerated newbuild jack-up from Seatrium

Singapore''s Seatrium has delivered about one year early the fourth of five jack-ups it is building for rig contractor Borr Drilling. The jack-up Vali was completed and delivered on an

More newbuild rigs find homes in an increasingly

There are currently 54 rigs under construction, most of which are jackups. There are 33 jackups, 6 semisubs and 15 drillships. Out of the 54

Contract awarded for newbuild rig in Mideast | Upstream

Aro Drilling''s newbuild jack-up drilling rig programme is continuing in Saudi Arabia with a drilling equipment package recently awarded to National Oilwell Varco (NOV). This will

More newbuild rigs find homes in an increasingly

The past few years have been tough on the offshore drilling industry and the downturn has adversely affected rig construction, with only five

International Maritime Industries and Lamprell

Dammam, Saudi Arabia, 17 May 2022 – International Maritime Industries (IMI), the largest shipyard in the MENA region, and Lamprell

The Cost Of Offshore Drilling Rigs: A Look At The

Learn about the expenses involved in offshore drilling rigs, including the cost of acquisition, maintenance, operating expenses, and more.

First in Kingdom well spudded by ARM | Aramco Life

"Deployment of the Saudi Aramco Nabors Drilling Company''s (SANAD) first in-Kingdom new build rig is one of the achievements resulted from adapting the Kingdom''s Vision

More than 100 newbuild rigs close to completion,

Various rig contractor mergers and acquisitions went through. First, Borr Drilling purchased Paragon Offshore leading to 24 jackups being

Upcycle in rig demand creates lean inventory in

The Saudi Aramco-Valaris joint venture ARO Drilling also ordered jackups to be built by Lamprell and International Maritime Industries as part of

ARO New Build Rigs | ARO Drilling

Explore ARO Drilling''s new build rigs including KINGDOM 1 and KINGDOM 2, featuring state-of-the-art technology and customized designs for the Arabian Gulf.

ADNOC Drilling awarded long-term contract for

ADNOC Drilling received a contract for three island rigs by ADNOC Offshore for an estimated total contract value of $806 million to support

Drilling rig newbuild drought could end as enquiries emerge

The red-hot global drilling market has finally whetted the appetite of rig owners and operators for newbuild units with yards now receiving enquiries for potential construction jobs. After a

Rig Dayrates Have Risen, So Where are the New rig Orders?

A few super majors, citing current climbing rig costs, could reportedly offer initial contract terms that might entice rig owners to dip their toes in new construction.

ADNOC Drilling wins contract for newbuild island rigs

The drilling arm of Abu Dhabi National Oil Co. (ADNOC) has secured a significant contract valued at around $806mn from ADNOC Offshore to supply three technologically advanced island rigs.

Featured Newbuilds | Transocean Fleet

Drilling and energy-efficiency features on the Titan and Atlas optimize fuel consumption and overall energy use per well. As the newest and most technically capable vessels in our fleet,

ONGC in discussions with Indian shipyards to build

Oil and Natural Gas Corporation (ONGC) is reportedly exploring partnerships with domestic shipyards to construct two offshore jack-up drilling

Newbuild drilling rigs [PDF]

Mining Drilling Rigs Inc.