Africa Oil & Gas Views

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Pressure Rising On Deepwater Rigs

After a slowdown in the coming quarters, we expect the market for deepwater rigs to begin to recover over the medium term. Rig rates will suffer in 2014 from a slowdown in demand and a ramping up of...

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PA, SOCO Set For Mer Profond Sud Spud

Swedish oil company PA Resources has secured government approval to farm out a 60% working interest to UK-based SOCO International in the Mer Profond Sud exploration area offshore the Republic of...

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