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Inside Investor

Evolving in the Deep: The Ultra Drill Ship

Evolving in the Deep: The Ultra Drill Ship

The bulk of new discoveries we’ve been hearing about over the past couple of years—at least the big ones—are offshore, many of them in ultra-deep waters. Shallow discoveries are fewer and farther between because most of the sweet spots have already been found.

So as exploration gets deeper, so too must the drilling rigs, and they have to be more advanced than ever before.…

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