Strained rig operators on collision course with yards

Several rig operators have fallen out with yards in Asia in their attempts to make it through the coronavirus crisis. Seadrill and Awilco Drilling are both in disputes with yards concerning canceled newbuilds.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The rig companies' attempts to make it through the coronavirus crisis has sent them on a collision course with shipyards in Asia.

The oil price collapse in March has forced virtually all stakeholders in the sector to pursue cost reduction measures.

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