Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020. Pricing is expected to remain competitive, however, and contractors will need to remain focussed on profitability.
The report focuses on Asia/Pacific new rig contract awards, outstanding and new rig requirements, rig moves, operator and drilling contractor updates, financial news, shipyard updates and other news relevant to the region.
Floating Production: will the HHI/DSME mega-merger turn the tide and allow South Korea to claw back market share from China and Singapore?
The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling...