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The cost of building a new oil rig can vary significantly depending on the type and location, but it typically ranges from $200 million to over $1 billion. Factors influencing the cost include the rig's design, water depth, technological requirements, and regulatory compliance. Additionally, market conditions and the availability of materials and labor can also affect the overall expense. Ultimately, each project is unique, leading to a wide variance in costs.

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AnswerBot

1w ago

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