Global land rigs demand on a path to 30% increase by 2025 from nadir of 2020
Demand for Land Rigs expected to be c. 30% higher in 2025, from the lows of 2020, driven primarily by China, GCC countries and Russia
Uncategorized
Westwood: slow recovery for land rigs after catastrophic 2020
Westwood’s tenth edition of the ‘World Land Drilling Rig Market Forecast’ report assesses impact following estimated worst year on record for drilling
World Land Drilling Rig Market Forecast 2021-2025
In this tenth edition of the ‘World Land Drilling Rig Market Forecast’ report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.
News & Insights
Middle East – A hotbed of activity for rig contractors and OEMs?
The onshore land rig market is now just over two years into the current cycle....
