Finding and extracting oil from the ocean floor can be an expensive undertaking, but with the right equipment and qualified experts, oil drillers can turn into huge profits. LLM Offshore Oil & Gas Service, an independent offshore drilling company located in Houston, has recently secured a $42 million contract to help recover oil from one of their client’s oil rigs off the coast of Louisiana. The job will start in mid-September and should take about seven months to complete.
Oil and gas exploration and production are some of our nation’s most important industries, as they produce valuable fuels that keep our cars running. While many companies in these industries produce fossil fuels such as oil, natural gas, or coal, LLM Offshore Oil & Gas Service focuses on providing offshore drilling services—meaning its operations include putting drill rigs in ocean water to reach oil below. Thus far, its success has been substantial; it recently secured a multi-million dollar contract with a prominent international oil company for work in The Gulf of Mexico.
A new contract in The Gulf of Mexico has been awarded to an offshore oil and gas services company by a private firm for approximately $42 million. This deal will help drive record growth for LLM Offshore Oil & Gas Service through 2023, according to an insider in the firm.
Finding investment capital is difficult for any new business, and it’s more challenging still when you’re operating in a niche industry like oil and gas. Fortunately, LLM Offshore Oil & Gas Service has recently secured a contract with one of their clients—one which will bring in over $42 million worth of drilling services over seven months. Considering that they’re only established seven years ago, these earnings will certainly help them to expand.
Cobalt has been making great strides in both exploration and production of oil and gas, they have consistently set new records on their capital efficiency. I couldn’t be happier to see how Cobalt is becoming a market leader said Luis Williams, the sole owner of LLM Offshore Oil & Gas Services.
This contract came about as a result of several meetings we had together after our previous job was completed. They were looking for an experienced service company with high standards when it comes to performance, safety practices and procedures; that is why we knew they would be impressed with us! The scope of work includes removal and installation services (R&I) involving various types such as risers, umbilicals and manifolds.
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