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Friday, 05 December, 2008, 17:10 GMT | more >>

Petrolia leaks red ink



By Upstream staff 

Norway's Petrolia Drilling suffered a net loss for the first quarter of Nkr14 million ($2.3 million) as reactivation and mobilisation costs for its semi-submersible rig SS Petrolia hit the bottom line.

The unit is currently contracted until September 2007 and Petrolia said there was strong demand for further utilisation of the rig, with dayrates in the UK currently estimated at $300,000.


Wednesday, 10 May, 2006, 09:38 GMT  | last updated: Wednesday, 10 May, 2006, 09:38 GMT

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