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Massive response to ONGC tender for jackup rigs-II: Latest update on the market
Jul 21:
The offshore rig market continues to be turmoil and the free fall in hire rates seem to continuing as of now.
8What is more, a total of 154 rigs are under construction.
8Jackups make up the vast majority of this set, with 100 units currently under construction.
8The Jackup number is more than double the combined number of drillships, semis, and tenders currently being built, of which there are 30, 16, and eight under construction, respectively.
8Out of all of these rigs, only 25 were ordered with contracts in hand or by operators themselves.
8Of the remaining 129 speculative units, so far none have locked in charters since construction began.
8The situation is so bad that some contractors have opted to cancel the construction contracts with shipyards on which work has already started or, in some cases, nearly finished, primarily ultra-deepwater floaters.
The website carries here a worldwide new rig construction database as of June 2017, providing the following details:
8Rig name
8Rig type
8Water depth
8Construction status
8Delivery date
8Build yard
8Build country
Click on Reports for more
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8What is more, a total of 154 rigs are under construction.
8Jackups make up the vast majority of this set, with 100 units currently under construction.
8The Jackup number is more than double the combined number of drillships, semis, and tenders currently being built, of which there are 30, 16, and eight under construction, respectively.
8Out of all of these rigs, only 25 were ordered with contracts in hand or by operators themselves.
8Of the remaining 129 speculative units, so far none have locked in charters since construction began.
8The situation is so bad that some contractors have opted to cancel the construction contracts with shipyards on which work has already started or, in some cases, nearly finished, primarily ultra-deepwater floaters.
The website carries here a worldwide new rig construction database as of June 2017, providing the following details:
8Rig name
8Rig type
8Water depth
8Construction status
8Delivery date
8Build yard
8Build country
Click on Reports for more
