Are older rigs keeping up with modern drilling?
During the 2020 ADI Forum, ADI Analytics’ annual oil and gas conference, Helen Currie, Chief Economist, ConocoPhillips, discussed the changing significance of drilling rigs in shaping production outlooks. She noted that modern rigs possessed far greater efficiency, with a single rig often equaling the output of multiple rigs from 15 years prior, a trend especially […]