As of July 31, there were 44 mobile rigs in the United Kingdom (UK) market, consisting of 20 jackups and 24 semisubmersibles (semisubs). Utilization stands at 77.3 percent with 34 of the 44 units under contract. Five rigs, consisting of three semis and two jackups, are cold stacked, while five other rigs (four jackups and […] More »
UK rig market feeling effects of downturn
Reviewed by Crude Oil Facilitators
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