ASIA

Seadrill builds up rig stock

HIGHER oil prices and increased development drilling is driving strong demand for modern deepwate...

Marija Stojkovic

The $US600 million ($A575 million) rig will be able to drill in a water depth of up to 12,000 feet and will target areas such as the Gulf of Mexico, Brazil and Africa. Seadrill's current newbuild program...

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