The Oil Drum | How Long Does It Take to Build a Rig? And Why Aren't Rigs Cat 5 Certified?

28 comments on How Long Does It Take to Build a Rig? And Why Aren't Rigs Cat 5 Certified?

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Stuart Staniford on September 28, 2005 - 4:06pm

Interesting! So the Saudi's, at enormous expense, are getting deep water rigs to go do exploration with in very challenging conditions. Is this how people behave when they have 460 billion barrels in proven reserves in their existing fields already?

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ExtraO on September 28, 2005 - 4:26pm

Here! Here!

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Leanan on September 28, 2005 - 4:35pm

Yeah, that was my first thought, too.

Some people suspect what the Saudis want to do is exploit a known deepwater field that lies mostly in Iraqi territory. Obviously, if you're going to do it, the time is now...when the U.S. military is there to protect your operations.

But this field is not that big, so even if this theory is true, it suggests the Saudi reserves are not what they claim.

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28 comments on How Long Does It Take to Build a Rig? And Why Aren't Rigs Cat 5 Certified?

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