One fourth of the global fleet of floating drilling rigs, so-called floaters, could end up as scrap, as the coronavirus pandemic has accelerated the restructuring taking place in the offshore sector, writes Rystad Energy in a new analysis.
The firm estimates that 59 out of 213 rigs are potential scrapping candidates. This is because the coronavirus pandemic is expected to put a damper on demand up until 2022. Furthermore, 25 newbuilds are expected to be delivered ahead of 2023.
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