Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
Aramco’s rig fleet could rise from 133 last year to 170 by end-2013, and 200 by end-2014. But the build up has been delayed six months. If it develops tight gas reserves the rig count should rise further.
Aramco will use 170 rigs by end of this year or early 2014, Paal Kibsgaard, CEO of services giant Schlumberger told a 19 July investors’ conference call to mark the...