Oil & gas: new contracts for Drillmec

September 22, 2014

Drillmec will provide three new hydraulic technolog y HH-300 (Hydraulic Hoist) rigs that will be utilized by the joint venture (PetroJunín), formed by PDVSA (60%) and Eni (40%) for onshore drilling in Venezuela.

The innovative design of these HH offshore rigs will ensure full execution of all crude oil extraction activities while significantly reducing operating costs for our customer.

The HH rigs will be produced and tested at the Drillmec factories in Pi acenza, Italy and Houston, Texas (USA) and will then be subsequently transferred and installed in t he "Junin 5" oil field located in the Faja del Orinoco in Venezuela, 550 km south-east of Caracas in an area under development, with a capacity of 35 billion barrels of oil.

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