Forecasts of Growth in the Floating Rigs Market
Floating rig is one of the most important segments of oil field production chain as it provides services and equipments to oil explorers, producers and transportation of crude oil and natural gas. Rigs are huge structures that are used in the process of extraction of crude oil from oil wellbore. Either floating or bottom supported rigs are required for drilling of oil wells offshore. Global market for floating rig is tough with high capacity utilization and high day rates. As...
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