Land rigs drive recovery

THE global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival, but there are signs that market is turning around, although so far much of the recovery is limited to North America.

Land rigs drive recovery Land rigs drive recovery Land rigs drive recovery Land rigs drive recovery Land rigs drive recovery
 
Drillers, onshore and offshore, have needed to stack rigs, undertake mergers, acquisitions and bankruptcies, and undertake aggressive measures for reducing operating costs, but according to