Another update from "Lel Bruce Peto" on drilling stats...
Another update from "Lel Bruce Peto" on drilling stats...
utilisation in the North Sea rose for the fourth consecutive month in
August to 79.4% from 77.9% in July. Utilisation is now 5.9% up on a
year earlier and set to move higher with another five rigs expected to
start new contracts in September. The current improvement reflects the
return to work of a number of jack-ups after short idle periods.
However, the real driver remains strengthening demand in the
semi-submersible sector
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