Koil Energy Solutions Inc. (KLNG)

[J-Rhino]

Drilling activity to increase in Gulf of Mexico, industry says


Houston Business Journal
Date: Tuesday, April 10, 2012, 7:41am CDT






Oil companies will be busy in the Gulf of Mexico this year, with drilling activity higher than any time since the 2010 Deepwater Horizon disaster.

The industry expects to add eight more deepwater rigs this year for a total of 29 in the Gulf, Reuters reports. That information is based on what oil companies tell contractors such as Transocean (NYSE: RIG), Ensco (NYSE: ESV) and Seadrill (Oslo: SDRL).