Orders for offshore drilling rigs climb
E&P companies scrambling for dwindling supply of available rigs; 65-70 jack-ups, 25-30 deepwater rigs believed on order
For Petroleum News
Construction orders for new offshore drilling rigs are pouring into shipyards around the world as exploration and production companies scramble for what’s left of a rapidly dwindling supply of rigs.
Industry analysts believe there could be 65 to 70 orders in for new jack-ups and around 25 to 30 orde....
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Fine balance between supply and demand
Fifth-generation rates pushing half a million
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