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123wrc

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123wrc

Re: None

Friday, 05/27/2011 11:30:38 PM

Friday, May 27, 2011 11:30:38 PM

Post# of 361464
The company has also noticed a surge in ultra-deepwater rig demand in West Africa, Southeast Asia, and Brazil. As a result, available rig capacity has diminished rapidly. The market appears to be close to a supply/demand balance, and based on known programs, the number of available rig years in 2011 could drop to less than two rig years and to less than 10 rig years in 2012.
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