Rigs and Vessels

Offshore rig supply gets tighter, sold-out market emerging

Rig utilisations are higher than indicated when considering those non-working rigs that have future contracts in place.

Blue skies: Japan Drilling Company recently secured a multi-well contract for its semi-submersible rig Hakuryu-5 offshore Malaysia
Blue skies: Japan Drilling Company recently secured a multi-well contract for its semi-submersible rig Hakuryu-5 offshore MalaysiaPhoto: JAPAN DRILLING COMPANY
  • Xu Yihe
Singapore
Published 18 May 2022, 03:48Updated 18 May 2022, 03:49
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