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Jackson takes a massive haircut on its Jackup rig
Apr 25: Jackson International had elicited an extension of contract till the beginning of the monsoon session for its Jackup rig, Deepsea Fossil
8But in the process, it had to take a massive hair cut, according to company sources.
8The day rates of Jackup rigs have plunged to a third of what it was in 2015 when the rig was initially hired for a period of three years, according to industry sources.
Click on Details for more about how much rig rates have plunged over three years for Indian operators


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