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Tuesday, 08/02/2022 8:52:48 AM

Tuesday, August 02, 2022 8:52:48 AM

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RIG

https://www.sec.gov/Archives/edgar/data/1451505/000145150522000063/rig-20220801xex99d1.htm

While the past eight years have been extremely challenging for the entire industry, it is clear that the recovery in offshore drilling is underway, as contracting activity, utilization rates for high-specification ultra-deepwater and harsh-environment assets, and dayrates all continue to rise. And, with a backdrop of hydrocarbon supply challenges, we are increasingly encouraged that this momentum could continue for the foreseeable future.”


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