LONDON--(BUSINESS WIRE)--The global workover rigs market is expected to post a CAGR of more than 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a ...

HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (RNGR) (“Ranger” or the “Company”) today announced the development of the industry’s first Hybrid Double Electric Workover Rig. This innovation ...

Rival providers of platform workover rigs are vying for a contract with OMV in New Zealand for the Maari oilfield development project, writes Russell Searancke. OMV expects there to be a need for ...

As announced on January 17 th, 2024, the Company has contracted Braserv SPT-129 workover rig. The rig arrived on location ahead of schedule on January 24 th, 2024. As of December 31, 2022 effective ...

The company mobilized the SPT-129 workover rig with rig services provider Braserv Petroleo LTDA to the Sao Joao field. Calgary-based Petro-Victory Energy Corp. has mobilized a workover rig to the São ...

Indonesian independent MedcoEnergi is moving a workover rig to its CBM-SE-02 well at the Sekayu coalbed methane (CBM) exploration project in South Sumatra, project partner CBM Asia Development has ...

SJ-01 successfully completed ahead of schedule and under budget adding an additional 32.2 meters of oil pay in the Tutoia formation. SJ-01 initial production rate of 303 barrels of oil per day ("bopd" ...

'The workover has now successfully increased natural gas production for the well. We expect to continue producing the Big Saline Formation until it is depleted'. Image by photosbyjim via iStock ...