11 drilling rigs sold as scrap in the past year

For the rig companies' earnings on leasing out drilling rigs to improve, a significantly higher number of rigs need to be scrapped, note analysts according to Sysla.
Photo: POLFOTO/AP/Daniella Beccaria
Photo: POLFOTO/AP/Daniella Beccaria

11 drilling rigs in the North Sea have been sold as scrap in the past year, but analysts note that significantly more rigs need to be scrapped for the current rig leasing rates to improve.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading