Now is the time to invest in the rig market

Is now the right time to build new rigs?

Yes, concluded North Sea Rigs Managing Director, Stephen Adshead, at Den Norske Bank annual business conference in Stavanger a few days ago. The rig industry faces potentially attractive economics, a fitting time horizon, and new rigs are technically superior vs the old fleet, Adshead said. Like to see the presentation? Download it here.