Nearly 50 drilling rigs retired in 2020

In a tough 2020 for the drilling industry, more drilling rigs were sent for recycling compared to previous years, analyst tells Finansavisen.

Photo: Russell Cheyne/Reuters/Ritzau Scanpix

In a de facto crisis year for the drilling industry, a significantly higher number of drilling rigs were sent for recycling in 2020 compared to previous years.

Almost 50 worn-out rigs were sent for recycling last year, shows a count conducted by brokerage Kepler Chevreux, writes Finansavisen Monday. This figure is higher than in 2018 and 2019, writes the newspaper.

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