Drill-Rig Shortage May Delay Total’s Caspian Natural-Gas Project
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Total SA needs drilling rigs by 2017 to meet its development targets at the Caspian Sea natural-gas field of Absheron, the company’s regional manager said.
Europe’s third-biggest energy company had to stop drilling at the field 100 kilometers (60 miles) off Azerbaijan in September last year because of a shortage of drill rigs amid increasing Caspian exploration.