Tag «introduces»

Statoil introduces new “cat j” jackup rig for norwegian continental shelf [video] – gcaptain

Image courtesy Statoil OSLO (Dow jones Johnson)– Norwegian gas and oil giant Statoil ASA (STO) Friday stated it’s presenting a brand new drilling rig concept for mature fields around the Norwegian continental shelf, inside a proceed to boost the recovery rate from the wells and lower costs. The brand new rigs will cut production costs …