In a disclosure to the Muscat Stock Exchange, Abraj said it had been engaged to provide an onshore drilling rig for a term of three years, renewable for an additional two years. Abraj’s expected revenue from the contract is around USD 36.4 million.
“The May contract rolled off the board at $3.170 yesterday as natural gas buyers awakened from a month-long slumber,” Rubin noted in the report, which highlighted that the June natural gas contract closed at $3.343 per million British thermal units (MMBtu) on Monday. That close was up 22.9 cents, the report pointed out.
SLB will carry out integrated services to oversee the construction of over 100 wells primarily at Petrobras’ deepwater fields in the Campos, Santos and Espirito Santo basins using advanced drilling, cementing and drilling fluids technologies on up to nine rigs.