Personal tools

Skip to content. | Skip to navigation

Sections

Join the conversation on Linkedin  Follow us on Twitter  Watch LLDCN on Youtube  Like us on Facebook
 
You are here: Home → Archive → 2010 → January → Weekly Edition 28th January 2010 → New rigs will depress 2010 utilisation, charter rates

New rigs will depress 2010 utilisation, charter rates

by Martyn Wingrove — last modified Jan 29, 2010 12:40 PM

CHARTER rates and utilisation of semi-submersible drilling rigs will continue falling this year despite expectations of increased spending on offshore exploration and field development work.

The continuing delivery of new rigs (20 are expected this year alone) will mean the market for floating drilling rigs will suffer greater oversupply than in 2009. This will force more owners to lay up their older units.
“Fleet...

This full article is available to Lloyd's List DCN subscribers only.

If you are already a subscriber, please sign in below.

If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.

Alternatively, click here to subscribe.

Please log in

Forgot your password?

If you have forgotten your password, click here to retrieve it.



Document Actions

 







 

 
  • © Lloyd's List Daily Commercial News