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.
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:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
More than 800 Norwegian oil workers fired in 10 days
For subscribers
42 fewer offshore rigs active in one year
For subscribers
