"Rig-guru" Gavin Strachan of ODS-Petrodata predicts that 2009 will be a difficult year for offshore drillers but by 2010 the floater market will show great strength. Deep water day rates may fall, but as the supply/demand situation is tight it is possible that there wont be a decline in the rates. No new contracts have been announced recently and it appears that there is waiting game going on between the drillers and the E&P companies to see who can hold out longer.
The outlook for jackups and midwater floaters is far less bright.
Overlev 2009, håv inn i 2010
and
'Tough times ahead for land drillers'
also
North American rig market driven by deepwater demand
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