A drilling contract is an agreement about well drilling operations between the contractor and the oilfield owner. This binding contract optimizes the rights and significant responsibilities of both parties. Moreov.
[pdf] Transocean (RIG) is making headlines with its strategic decision to divest five drilling rigs, such as the Discoverer Clear Leader and Discoverer Americas. This move is poised to result in an estimated $1.9 billion impairment charge for Q3.
[pdf] On 24 May 2011, Cactus Rig 117, operating near Calumet, Okla., suffered a direct hit by an F5 tornado that resulted in an estimated $14 million in damage. An F5 tornado damaged Cactus Rig 117 after hitting the site on 24 May 2011. Although the rig was destroyed, all of the rig’s crew survived.
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