Jack-up rig market-I: Pick up seem from historic lows a year ago
Jan 08:
The jack-up rig market hit a historic low in July 2016 in terms of contracted rigs 8The markets currently are off these lows, and the number of rigs contracts seems to be on an upward trend 8In prior downturns, oil prices tend to bottom out long before rig count trough (6-12 months) 8How is it different now? Click on Reports for more