For the week ending April 15, the North American count dropped to 480, compared to the 1,034 rigs that were pumping about a year ago.
A study provides Norway with insight on a development concept the region has not used as much as others across the world.
The latest figures from the Baker Hughes Inc. (NYSE: BHI) weekly rig count show only 443 rigs were pumping in the U.S. this week.
Results from the Katmai appraisal well are expected in the early part of the fourth quarter of 2016. Potential development at Katmai would likely involve a subsea tieback into existing infrastructure.
The $1-billion rig, which was at the center of a fierce diplomatic stand-off between the countries in 2014, had moved into an area of the Gulf of Tonkin over which, Vietnam said, the two countries were still “executing delineation discussions.”
Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.
Rig counts in North America have fallen again, dropping to 476 in the U.S. and to 69 in Canada, according to Baker Hughes Inc.’s (NYSE: BHI) March 18 report.
Rig counts fall to their lowest levels since the early 1990s while oil companies slash production and drillers scuttle more of their fleets.
Rosneft's Vietnamese subsidiary has started drilling an exploration well off the south coast of Vietnam, the company said on March 9.
The report, released March 4, showed the U.S. oil rig count at 392, down eight from last week, while the number of gas rigs fell by five to 97.
The Deepsea Atlantic drilling rig on March 1 started drilling the first of 35 wells for the first phase of the Johan Sverdrup field development, Statoil said in a news release.
Jura and PEL are currently in dispute over a past cash call for the block. PEL has begun proceedings with Pakistan’s government to attempt to forfeit Jura’s working interest in block.