Rig utilisation set for big drop in 2020: Clarksons

Floaters forecast to be worst hit as global drilling activity dealt blow by rising contract terminations amid cutbacks due to Covid-19 crisis

Lay-ups on the rise: for drilling rigs such as these parked in the Cromarty Firth near Invergordon, Scotland — Lay-ups on the rise: for drilling rigs such as these parked in the Cromarty Firth near Invergordon, ScotlandPhoto: RUSSELL CHEYNE/REUTERS

Steve Marshall

Oslo

Clarksons Platou Offshore ExxonMobil Tullow Oil Guyana Norway

Published 25 May 2020, 10:37Updated 25 May 2020, 12:43