Are uncompetitive offshore rigs still just an idle threat?
Monday 26 July 2021
Bassoe Rig Analytics recently reviewed its figures of competitive and uncompetitive offshore drilling rigs and decided to remove a further 31 rigs (15 jackups, 10 drillships and 6 semisubs) from the global competitive supply, due to them having been stacked for several years and hence are unlikely to return to service in the near term. This has resulted in a slight increase to competitive utilization of 4%.
More here.