Utilisation of jack-ups and floating drilling units has also fallen recently and it set to remain relatively low for the remainder of this year, London-based broker Clarksons said in a September rig review.
“The demand outlook for the combined jack-up and floater fleet continues to look challenged,” the report from Clarksons Research read. A decline of 15% year-on-year is expected for 2016, with a decline of 7% for jack-ups and 28% for semi-submersibles.
However,
