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#31999 - 21 Apr 06 16:36 TEMPO/Price of Oil Rig Rentals Soar
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Price of Oil Rig Rentals Soar
Friday, 21 April, 2006 | 12:38 WIB

Tempo Interactive, Jakarta: The rise of the world's crude oil prices to beyond the US$70 per barrel level has caused a rise of 300 percent in the price of oil drilling rig rentals.

In addition, the number of rigs number is limited and the demand is very high.

“This increase is due to the euphoria of oil businesspeople who want to drill because of the high oil prices,” said Ade R Satari, Secretary of PT Apexindo Pratama Duta, in Jakarta yesterday (20/4).

As an example, the 'Raniworo' rig belonging to Apexindo has been rented by Santos, an oil and natural gas company, for US$145,000 per day.

At the end of 2005, the rental price was only US$50,000 per day.

Ade explained that Apexindo have signed the rig rental contract for a maximum of three years.

“Many other companies have offered rigs with similar specifications as Raniworo's for US$160,000,” he said.
Rig contracts are limited to three years because oil prices are hard to predict.

Muhamad Fasabeni
_________________________ Indonesian Business and Investment News Aggregator

#32000 - 21 Apr 06 17:11 Re: TEMPO/Price of Oil Rig Rentals Soar
g00f13 Offline

Registered: 12 Nov 05
Posts: 739
Loc: earth
Hey Dilli! Are you putting your rate up again? You must have charged USD500 an hour by now.

#32001 - 21 Apr 06 20:30 Re: TEMPO/Price of Oil Rig Rentals Soar
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
i don't normally charge for drilling. unless she's exceptionally ugly, and I'm under the influence of banned substances. cepek dulu dong!
KuKuKaChu: dangerously too sophisticated

#32002 - 21 Apr 06 21:11 Re: TEMPO/Price of Oil Rig Rentals Soar
Dilli Offline
Pujangga Besar

Registered: 26 Feb 06
Posts: 8044
Loc: Nearest Bar
Day Rate for Dill US$ 1,500 (Has not changed for 3 years) I am a stable market!
Menace to Sobriety

#32003 - 22 Apr 06 09:16 Re: TEMPO/Price of Oil Rig Rentals Soar
Polar Bear Offline
Pujangga Besar

Registered: 23 Nov 05
Posts: 6177
Date rape for Polar Bears = 1 Seal every three days frown


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