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Rigging the odds

WITH supply tight and demand high, offshore explorers are having to be innovative to get access to rigs.

Francine Pennington
Rigging the odds

Rig owners are calling the shots. Rentals have tripled since 2005 for new rig contracts stretching up to 2012. Worldwide, 3233 oil and gas drilling rigs were active at the end of last year, up 27% from...

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