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Deep-water drilling giants set high bar for returning idle rigs - Upstream Online

Upstream Online · last updated

Deep-water drilling giants set high bar for returning idle rigs | Upstream Online

Offshore drilling giants Transocean, Noble and Valaris are ready to reactivate their hibernating deep-water drilling rigs as soon as the right customers materialise offering strong contracts.

Demand for top-quality deep-water rigs, specifically drillships and semi-submersibles, is on the rise, and the existing global fleet is said to be almost fully in use.

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Related Knowledge Center: Offshore drilling

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The Biden administration is proposing additional leasing for offshore oil and gas drilling, largely limiting the plan to the Gulf of Mexico.

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