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DRILLING

Offshore drillers tipped to struggle

TOUGH times for offshore drillers are expected to continue with Mckinsey Energy Insight’s latest forecasts out to 2030 showing that contractors have slashed costs to the bone, and they are unlikely to be able to reduce costs more.

Haydn Black
Offshore drillers tipped to struggle

Friday's report found that response to limited demand for services and depressed day rates, rig owners have used innovative levers beyond the standard operational cost cutting, but it is becoming more...

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