Rystad Energy: At least 110 rigs must go to curb downturn
Massive overcapacity in the jack-up rig market means that 110 rigs need to be go before the market can return to balance and the downturn in recent years can be curbed, says Rystad Energy.
BY SØREN PICO, SHIPPINGWATCH
A drastic reduction in the number of jack-up rigs is necessary before the market can get rid of massive overcapacity, concludes Norwegian analyst firm Rystad Energy.
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
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Statoil exceeds expectations and triples operating result
For subscribers
Strengthened Total says it is ready for acquisitions
For subscribers
