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Analyst projects three survivors among listed rig operators

The world's stock-listed rig companies have debt totaling USD 37 billion and a market value of USD 2.3 billion, according to calculations made by Norwegian analyst Lukas Daul of ABG Sundal Collier. The banks need to make brutal decisions, he tells Dagens Næringsliv.

Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com

There will not be room for all the rig companies in the future, and it is up to the creditors to decide who gets to survive, Norwegian analyst Lukas Daul of ABG Sundal Collier tells Dagens Næringsliv.

He has calculated the listed rig companies' debt and their market value.

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