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benfrankledger

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benfrankledger

Re: beambe post# 1989

Wednesday, 11/08/2017 11:37:50 PM

Wednesday, November 08, 2017 11:37:50 PM

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As Seadrill pointed out in its fourth quarter 2016 and first quarter 2017 results, the offshore drilling market has begun to improve, albeit slowly.

As was expected, offshore drilling companies around the world have begun scrapping the older drilling rigs in their fleets, especially those that are 25 years of age or older.
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