Offshore

Oil collapse could remove more than 100 drilling rigs

A new, deep downturn in the drilling industry is expected to cause "a wave" of restructurings, projects Nordea Markets. The bank expects to see a high number of rigs taken off-market over the coming years. So does Maersk Drilling's CEO.
Photo was taken in Scotland in 2015 following the dramatic drop in oil prices. | Photo: Russell Cheyne/Reuters/Ritzau Scanpix
Photo was taken in Scotland in 2015 following the dramatic drop in oil prices. | Photo: Russell Cheyne/Reuters/Ritzau Scanpix
by SØREN PICO

A large proportion of the world's drilling rigs could be taken out of the market within a few years, according to Nordea Markets.

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