DRILLING

Hidden optimism revealed

WHILE 2016 was quite possibly the worst year on record for offshore drillers, Rystad Energy has revealed a silver lining: about 71 years’ worth of rig work was also booked, with yet more upside due this year.

Hidden optimism revealed

Rystad estimates that about 100 rig years of demand were at risk at the start of 2016 as previously announced projects continued to be delayed, with global rig demand for the mobile offshore drilling fleet...

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