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Odfjell Drilling CEO warns that drilling industry clean-up comes too late

The clean-up in the drilling industry requires scrapping of far more rigs than just those that are old and nearing the end of their operational lives. "The entire industry is, to put it this way, wrecked," says Odfjell Drilling's CEO in an interview with ShippingWatch.

"It's far too late to start scrapping old rigs.Simen Lieungh," CEO of Odfjell Drilling. | Photo: Odfjell Drilling

Drilling companies have finally embarked on the scrapping of old rigs to to clean up and improve the conditions in the industry.

However, the clean-up comes far too late, according to Odfjell Drilling's CEO, Simen Lieungh.

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