Jan 10: Rig utilization levels have already bottomed out in late 2016
8But how quickly will an upturn emerge?
8A lot will depend on the rate of retirement of old rigs
8Also roll out of uncontracted newbuilds will be delayed further
8Then again, quite a few newbuilds are unlikely to join the global fleet.
8What are the relevant trend these days in the rig market? are they towards well capitalized players with high spec rigs?
8The point to note is that some rig owners are making money even in these complicated times.
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