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Evercore: Aramco's decision to suspend jack up rigs to put "slight" damper on dayrate progression

In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term. ....

Bani Suwayf , Saudi Arabia , Ash Sharqiyah , Saudi Aramco , Shelf Drilling , Arabian Drilling , Egyptian Drilling , Southeast Asia ,

Saudi Aramco slashes four-year capex target by $40 billion as capacity expansion projects shelved

Saudi Aramco slashes four-year capex target by $40 billion as capacity expansion projects shelved
upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.

Saudi Arabia , Ash Sharqiyah , Saudi Arabia General , Saudi Aramco , South Asia Editornew ,