Dalma Energy, a leading drilling contractor, has partnered with National Bank of Oman (NBO) for the financing of a new project for Petroleum Development Oman (PDO), according to a report.
Qatar’s Gulf International Services (GIS) on Tuesday reported a 108.4% increase in net profit last year after strong growth in the company’s drilling sector and a one-off non-cash accounting adjustment.
Based on Douglas-Westwood’s offshore drilling forecast, there are still plenty of wells to be drilled if the 2015 oil prices average between $50-70/bbl.