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ONGC's Jack-Up Rig tender-III: More rigs will have to get out of business soon
Jun 22:
More blood bath will be needed in the jack-up rigs market before a supply-demand balance can be struck.
8The website carries here a full analysis of jack-up rig attritions since 2014 till 2017 as also the cumulative attrition so far
8The fact that the market is bad is evident from the attrition rate is still slow and it will need to pick up speed before balance can be achieved.
8As many as 168 jack-up rigs will have to be removed from the market before balance can return
Click on Reports for a full analysis.
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8The website carries here a full analysis of jack-up rig attritions since 2014 till 2017 as also the cumulative attrition so far
8The fact that the market is bad is evident from the attrition rate is still slow and it will need to pick up speed before balance can be achieved.
8As many as 168 jack-up rigs will have to be removed from the market before balance can return
Click on Reports for a full analysis.
