'Dire need for fewer but bigger operators': offshore rig sector faces debt crunch

AlixPartners believes bondholders could facilitate consolidation through mergers, acquisitions and asset sales

Familiar sight: offshore rigs stacked in the Cromarty Firth, Scotland, UK
Familiar sight: offshore rigs stacked in the Cromarty Firth, Scotland, UKPhoto: REUTERS/SCANPIX
AlixPartners
Published 30 November 2020, 13:36Updated 1 December 2020, 14:35