Painful downturn: Will there ever be another drilling rig newbuilding order?

It is almost a decade since the last shipyard order for brand new ultra-deep water drillships, but is the market ready to start building again?

Borr Drilling’s chief executive Patrick Schorn.
Borr Drilling’s chief executive Patrick Schorn.BORR DRILLING
Published 21 February 2023, 03:00Updated 28 February 2023, 10:45