Pangaea buys Geodynamics rig

Australian coal bed methane company Pangaea Resources has bought a custom-built National Oilwell Varco rig from geothermal energy company Geodynamics for A$21 million (US$21 million), the company has announced.

Rig 200: Pangaea says the rig will be commissioned in the third quarter of 2013.
Rig 200: Pangaea says the rig will be commissioned in the third quarter of 2013.
Published 15 June 2012, 05:47Updated 15 June 2012, 05:47
Asia & Oceania