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JackUp rig market: Ready for an upswing
Oct 10: Find out more on the contrary view of the rig market from a rig supplier who has gone bullish by going on a jack up rig acquisition spree.
8It claims drilling activity will have to go up three fold to make up for the deficit that has been built up so far.
8Expected competitive jack-up fleet supply vs. potential demand projections are given here, showing high potential demand.
8There is already a 100% uptick in demand in 2017, the report says.
8What are the actual company-wise cash breakeven costs of jack-up rigs, as per latest projections
8The conclusion is that that there is a significant upside potential from investing at a cycle trough.
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