Key scraps 25% of workover rigs
US workover giant Key Energy Services will likely record a $65 million to $70 million pre-tax charge in the third quarter this year after retiring about 25% of its well service rigs from its fleet.
US workover giant Key Energy Services will likely record a $65 million to $70 million pre-tax charge in the third quarter this year after retiring about 25% of its well service rigs from its fleet.