Choppy seas ahead for offshore drillers 

THE drill rig market is entering a period of uncertainty with four companies filing for Chapter 11 protection and cold stacking or retiring rigs likely not enough to help businesses thrive. 

Choppy seas ahead for offshore drillers  Choppy seas ahead for offshore drillers  Choppy seas ahead for offshore drillers  Choppy seas ahead for offshore drillers  Choppy seas ahead for offshore drillers 

Noble Bully II

Westwood Global Energy has found the end of of October this year, 38 rigs including jackups, semi submersibles and drillships have been retired, with five drillships under 10 years old.