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Noble, Aramco in Talks Over Adding More Oil Rigs

Source: Wall Street Journal 2/24/2010, Location: Middle East

Noble Corp., the third-largest offshore oil and gas rig contractor, is in talks with state-giant Saudi Arabian Oil Co, or Saudi Aramco, over adding more oil rigs, the chief executive of the U.S.-based firm said.

The world's largest oil exporter has been talking about adding more rigs, while Brazil's state-controlled firm Petroleo Brasileiro SA wants new rigs, David Williams told reporters on the sidelines of an industry conference in Dubai.

Last year, Saudi Arabia was expected to cut the number of oil rigs by as much as 20% until the end of the year amid lower crude output.

In 2008, Saudi Aramco had about 130 offshore and onshore rigs in operation at peak times, the sources said.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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