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] 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] A drilling rig is an integrated system that , such as oil or water wells, or holes for and other construction purposes, into the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill , , or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called . Drilling rigs can s.
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