Transocean (RIG) is making headlines with its strategic decision to divest five drilling rigs, such as the Discoverer Clear Leader and Discoverer Americas. This move is poised to result in an estimated $1.9 billion impairment charge for Q3.
[pdf] On 24 May 2011, Cactus Rig 117, operating near Calumet, Okla., suffered a direct hit by an F5 tornado that resulted in an estimated $14 million in damage. An F5 tornado damaged Cactus Rig 117 after hitting the site on 24 May 2011. Although the rig was destroyed, all of the rig’s crew survived.
[pdf] This article lists the main components of a onshore . rigs have similar elements, but are configured with a number of different drilling systems to suit drilling in the marine environment. The equipment associated with a rig is to some extent dependent on the type of rig but typically includes at least some of the items listed below.
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