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seven-up

02/05/16 7:43 PM

#1766 RE: lmatt #1765

Just my opinion, who the heck would want all those old Rigs and equipment, just look at the age of the fleet. I hope they make it but this might be the worst turn down ever in the oilfield and it could be 3-5 years before offshore makes a turn around.
The dayrates that Aramco forced them to take, leaves ever little to no profit..... Of course I hope I'm wrong...