Jack-up rigs are used in shallow waters up to around 500 feet and can drill beyond 5.6 miles. Their long legs — which reach the seabed and elevate the platform above the surface — offer a ...

In November 2022, ADNOC Drilling revealed that it had signed an agreement to acquire three “brand new high-specification” offshore jack-up drilling units. The rigs had a combined cost of $320 ...

Hard rock mining equipment manufacturer Sandvik is working with Swedish mining company Boliden AB to test and develop a new, battery electric surface drill rig concept at Boliden’s Kevitsa mine.

Varco International has signed two contracts to supply drilling equipment for two new jackup rigs. The first package is valued at approximately $14 million, for a jackup drilling rig being ...

BEIRUT — An offshore drilling rig arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas, cabinet ministers ...