The hunt for offshore rig deals continues


With rig owners and investors looking to scoop up assets at more realistic – but still low – values, transaction activity is picking up. And it’s set to continue.

We’ve been saying it for a few months: the offshore market looks better than it did six months ago.  But there’s still a lot more improvement needed on the contracting side (and the supply side to a certain extent) to bring utilization back to healthy levels.  Despite that, early bets on a sustainable recovery are increasing.

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