Noble, Saudi Aramco in Talks Over Adding More Oil Rigs
DUBAI (Zawya Dow Jones), Feb. 24, 2010
Noble Corp., the third-largest offshore oil and gas rig contractor, is in talks with state-giant Saudi Arabian Oil Co, or Saudi Aramco, over adding more oil rigs, the chief executive of the U.S.-based firm said Tuesday.
The world's largest oil exporter has been talking about adding more rigs, while Brazil's state-controlled firm Petroleo Brasileiro SA wants new rigs, David Williams told reporters on the sidelines of an industry conference in Dubai.
Last year, sources told Zawya Dow Jones that Saudi Arabia was expected to cut the number of oil rigs by as much as 20% until the end of the year amid lower crude output.
In 2008, Saudi Aramco had about 130 offshore and onshore rigs in operation at peak times, the sources said.
Copyright (c) 2010 Dow Jones & Company, Inc.
Operates 44 Offshore Rigs
- Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr (Nov 14)
- RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project (Nov 13)
- Aramco Expects To Boost Capital Spending By About 10% (Nov 09)
Company: Noble Corporation more info
Manages 28 Offshore Rigs
- Sembcorp Marine Delivers World's Largest Jackup Noble Lloyd Noble (Jul 18)
- Oil Industry Maintains Country Club Culture During Downturn (May 23)
- Freeport to Pay Noble $540 Million to Not Use 2 Oil Rigs (May 10)