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Nordea expects huge oil rig industry restructuring in 2017

Next year, several rig companies will be forced to restructure in order to survive, says Nordea markets. Many rigs will be scrapped, particularly amongst US players, explains senior analyst Janne Kvemland to ShippingWatch.

Photo: Maersk Supply Service

Rig companies the world over are battling for survival and next year will likely be a critical one for many players on the market, says Janne Kvemland, a senior analyst at Nordea Markets with expertise in suppliers to the oil industry.

Recently, Nordea Markets examined 14 listed rig companies and presented a report on the rig market.

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