Nordea: Hundreds of oil rigs will be retired
The plunge in the oil price and the cut-throat market for oil companies will force the rig companies to remove hundreds of rigs from the water over the next few years. Five companies will be hit particularly hard.
BY LOUISE VOGDDRUP-SCHMIDT
The market for international rig companies, led by major player Seadrill, is hit so hard by the plunge in the oil price and the consequential crisis among the oil companies that hundreds of drilling rigs will have to be retired over the next few years as a result.
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