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Drilling Into the Offshore Energy Market for Satellite Connectivity
The nature of the offshore energy sector, particularly for oil and gas, means that companies often explore for resources in very remote areas around the world, sometimes in extremely harsh climates. Billions of dollars are invested in vessels, machinery, personnel, technology, and communications to survey offshore sites, drill, and extract hydrocarbons from below the seabed.
In June, TotalEnergies, a French energy company, leased Noble’s Viking drillship to a well off the coast of Papua New Guinea (PNG). The contract will last 47 days and reportedly amount to an estimated value of $34.2 million. On an annual pro-rata basis, this is…[continued]
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