Drillers face financial fallout from global field project delays

Contractors battening down hatches as utilisation and dayrates set to drop on $170 billion in project cutbacks and counting: Clarksons Platou

Tough times ahead: for players such as Seadrill that owns rig West Hercules
Tough times ahead: for players such as Seadrill that owns rig West HerculesPhoto: SICCAR POINT ENERGY/ROSS JOHNSTON/NEWSLINE MEDIA
Published 15 June 2020, 14:23Updated 15 June 2020, 14:53