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The New Scarabeo 8 Ultra Deepwater Oil Rig

A Norwegian national flag flies from a vessel near the Scarabeo 8 deepwater oil drilling rig, operated by ENI Norge AS, in Olensvag, Norway, on Tuesday, April 3, 2012. The world’s seventh-largest oil exporter boasts no net debt, adding to its appeal as an alternative to the debt-riddled euro area. Photographer: Kristian Helgesen/Bloomberg via Getty Images