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UPDATE 2-Transocean has a third of deepwater rigs seeking 2014 work

UPDATE 2-Transocean has a third of deepwater rigs seeking 2014 work | West African Energy | Scoop.it
By Braden ReddallNov 21 (Reuters) - Transocean Ltd offered some hardrig numbers that validated industry concerns about slack demandfor certain oil and gas work, saying on Thursday its deepwaterunits
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Transocean cited predictions for 1,250 deepwater wells to be drilled in 2025, compared with about 500 this year. To meet this, there are 110 new rigs underconstruction, but about 120 were due to be replaced, and Bonno saw potential for 215 additional deepwater rigs to be built.

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West Africa bets on Brazilian style oil jackpot

West Africa bets on Brazilian style oil jackpot | West African Energy | Scoop.it
* Angola could double reserves* Brazil made huge finds in similar rock formations* Drilling to rise in 2014, Congo plans auctions* Pre-salt has tech risks, high costsBy Emma Farge and Shrikesh Lax
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