Strong oil and gas demand and an accompanying price rise have helped revive a land drilling rig market devastated by the Covid-19 pandemic. But it is a slow recovery, and an uneven one, according to new research from consultant Westwood Global Energy.

If land rig contracting lags the oil price rebound, that is due in large part to “operators [that] remain cautious and highly selective with the drilling campaigns that they progress”, Westwood research analyst Todd Jensen notes.