Press Esc to close

WorldOil

World Oil News Center



Brazil suspension of Transocean ban not surprising

RIO DE JANEIRO -- Brazil' s partial suspension of an operating ban on drill rig operator Transocean was not surprising, says Wells Fargo. The injunction was partially lifted and announced by the company. "We felt that the punishment of a full injunction against Transocean was too heavy handed," firm says. Bank estimates ban would have cost Transocean $3.15 mpd in lost rig revenue. One Chevron leased Brazil rig remains idled because of ban, but Wells Fargo says Chevron could move rig out of Brazil or sublet it to Petrobras to circumvent ban.

Dow Jones Newswires

10/03/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS