“Float rig” is nothing more than a fancy way of saying “bobber rig.” All you’re doing is hanging your bait under a bobber, which is a common way to catch a wide variety of fish.

Mini-Tension Leg Platforms, also known as Sea Stars, are floating platforms with extended legs near their bottoms. Those legs are then attached to anchor points in the seabed to stabilize the rig.

According to a recent Wood Mackenzie report, floating rig utilization has rebounded to levels last seen before the COVID-19 pandemic, with rates experiencing a 40% surge over ...

These floating oil rigs are mobile and are fit for deeper, rougher waters. They in water between 1,600 and 10,000 feet and drill up to 6.2 miles.

Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.. Report Summary. Contracts. Transocean Ltd. has secured a 365-day contract for the ...

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.