The red-hot global drilling market has finally whetted the appetite of rig owners and operators for newbuild units with yards now receiving enquiries for potential construction jobs.

After a series of well-publicised rig cancellations in recent years that saw completed and under-construction drillships, semi-submersibles and jack-ups stranded in Asian fabrication yards — sometimes leading to court disputes between the client and the contractor — the buoyant offshore drilling market means prospective customers are once again in the market for newbuilds.