Bassoe: You’re not an idiot if you believe in deepwater drilling

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One of the questions I get asked most often is: what do you think about the market for deepwater drillships?

We’ve talked a lot previously about our sunny outlook for higher-specification jack-ups and midwater harsh environment semi-subs. And although we’ve had a few good things to say about deepwater here and there, the drillship market has reached a point where it deserves more attention.

So here’s what we think.

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