US EditionStrategic upgrades likely to sustain offshore rig fleet in foreseeable future - Drilling Contractor
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Strategic upgrades likely to sustain offshore rig fleet in foreseeable future - Drilling Contractor
By Stephen Whitfield, Senior Editor The combination of strong oil demand and high oil prices during the offshore drilling upcycle in the early 2010s spurred a wave of orders for newbuild rigs, particularly for high-spec jackups and deepwater and ultra-deepwater floaters. Then, when oil prices collapsed following the 2014 downturn, the market became oversaturated. Many … The post Strategic upgrades likely to sustain offshore rig fleet in foreseea…
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