Bassoe: Zombie offshore rigs don’t threaten rig supply


Some of them are walking dead, but old rigs aren’t coming back to get us.

One of the hottest issues in the offshore rig market is rig competitiveness. You see it in investor presentations as a key point to support companies with fleets of newer rigs, and most rig utilization tables filter out to some degree rigs that, according to the creators of these tables, just don’t matter to the supply side anymore.

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