Ocean Rig sees dim market to 2020

Ocean Rig sees no deep-water rig market recovery before the end of this decade as the Greek offshore contractor was forced to defend its intention to consider possible bankruptcy protection amid efforts to address its large debt load.

Deep water in deep trouble: no market recovery on the horizon for rigs
Deep water in deep trouble: no market recovery on the horizon for rigs
Published 12 August 2016, 15:48Updated 25 October 2016, 15:11
Europe