Contractors get smarter about rig stacking

Offshore drillers are finding ways to reduce the cost of stacking their idle ultra-deepwater floaters as they try to weather a downturn that shows no signs of letting up in the short term.

Stacked: drillship Pacific Mistral one of the rigs Pacific plans to 'smart stack'
Stacked: drillship Pacific Mistral one of the rigs Pacific plans to 'smart stack'
Published 11 August 2015, 19:18Updated 17 October 2016, 12:34