Forget building new rigs, it's time to consolidate and take out smaller players, say big drillers

Executives speak in support of a reduction in the number of floater rig companies

‘Far more consolidation’: Seadrill chief executive Simon Johnson.
‘Far more consolidation’: Seadrill chief executive Simon Johnson.Photo: SEADRILL
Published 6 March 2023, 12:11Updated 7 March 2023, 09:43