One in four floater rigs could end up as scrap following the pandemic

One fourth of the global fleet of floating drilling rigs are potential scrapping candidates, as the coronavirus has accelerated the restructuring of the offshore sector, notes new analysis.
Photo: Ariel Schalit/AP/Ritzau Scanpix
Photo: Ariel Schalit/AP/Ritzau Scanpix

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading