Recently, the importantexploration well Mashen1 is successfullydrilled with the depth of 8418 meters, which createsthe firstultra-deepdrillingrecordin Asia.
The recent discoveries by Statoil in the Barents Sea have fueled new interest in exploration activity in the Arctic regions of Norway, leading to record levels of drilling in 2011 with 4 additional wells planned this year and 7 more in 2012.
Drilling services giant Halliburton released its U.S. quarterly earnings report this week, highlighting record revenue generation due to expanded land-based drilling operations and international activities.