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Jo Friedmann
Rystad Energy
Drilling
One Quarter of the Global Floater Fleet Could Be Scrapped as COVID-19 Accelerates Restructuring
The number of units that have been cold stacked since 2016 are in the double digits. Reactivation costs for these rigs range from $40 million to $100 million. Given current rates and contract durations, most of these are unlikely to return to work.
The number of units that have been cold stacked since 2016 are in the double digits. Reactivation costs for these rigs range from $40 million to $100 million. Given current rates and contract durations, most of these are unlikely to return to work.