Seadrill: Offshore drilling market recovering, but at ‘lower pace’

Offshore drilling company Seadrill has painted a cautiously optimistic picture for the offshore drilling market outlook, with the company seeing an opportunity for high-end floaters as well as for jack-up reactivations in 2020.

At the end of the third quarter, Seadrill had 35 offshore rigs in Total, of which, 19 floaters and 16 jack-ups. Of the total 35, as at September 30, 2019, there were seven floating rigs and 10 jack-ups in operation, with 17 rigs and one „future contracted“ rig.

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