New rig designs tackle a host of difficult conditions.As access to the world's oil and gas reserves becomes constrained outside Europe and North America, the interest in and potential for exploration and production (E&P) in remote regions has increased. This is especially true in the Arctic frontier, where E&P spending is forecast to grow significantly. The Sakhalin Island shelf contains proven reserves rivaling the North Sea during early development, and 80% of Russia's potential hydrocarbons are concentrated in the northwest Arctic shelf. In this environment, the development of drilling technology...

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