The Company, together with its subsidiaries is engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells and related support, management and consulting services.
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Whether oil goes to $150 or to $100 a barrel, demand for oil will continue to out pace supply. The oil drillers will benefit from this trend. In addition, it appears that their once cyclical earnings are now becoming more stable, as these drillers continue to lock in long term contracts for their services.