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+--- Thread: Less than 5 PNG Drilling Rigs available? (/showthread.php?tid=774)
- maui4marko - 05-02-2012
>> Perhaps Phil or Dave have already given Grant Worner a call?
From the May 2012 NGE corporate presentation:
Drilling Rig Context
- Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone
- Few (<5) suitable, available drilling rigs in PNG
- Constrained drilling activity and high costs
Mitigation
- NGE a 50% JV partner owning a fit-for-purpose drilling rig optimised to move with a medium-lift helicopter in loads of less than four tons
- Further strengthens NGE's strategic low cost operations advantage
- Becomes an additional source of revenue when used by the broader PNG oil and gas industry
- Getitrt2 - 05-02-2012
Per the Company, there are a lot more rigs available in the US now than when they were looking for Rig 3. I expect they will be getting another one.