Drilling in the Permian Basin remains steady, based on figures from the latest Baker Hughes rig count. The report showed 303 oil and gas rigs were active in the basin of West Texas and southeast New Mexico. It was the highest count in all of the nation’s various shale plays.
[pdf] There are currently 104 rigs located in China, of which 26 (including three tender-assist rigs) are yet-to-be delivered. Of these, the working fleet usually numbers under 70 units. It is mainly a shallow-water market, with jackups making up the bulk of the delivered fleet.
[pdf] In its fleet status report issued this week the company has said it is preparing the rig for cold stacking, meaning the rig will be idled, crew let go, and all the hatches welded, cutting the costs to a minimum.
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