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U.S. Department of Energy
Office of Scientific and Technical Information

Offshore rig outlook may improve in 3-5 years

Journal Article · · Oil Gas J.; (United States)
OSTI ID:6021568
Continued weakness in oil and gas prices and depressed levels of capital expenditures by oil companies have kept and real trend from developing in the supply and demand for mobile offshore drilling rigs. In fact, some forecasters around 1983 who saw substantial market improvement by the middle of this decade may have missed the future by 8 - 10 years. However, an analysis of the current supply situation for offshore rigs and the implications of dayrates from the analysis will provide some perspective of the future.
Research Organization:
Bear, Stearns and Co. Inc., Dallas, TX (US)
OSTI ID:
6021568
Journal Information:
Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 87:18; ISSN OIGJA
Country of Publication:
United States
Language:
English