Offshore drilling rig contractor Borr Drilling has painted an optimistic outlook for the jack-up rig market. “Shallow water is the place to be in,” the company said in its quarterly presentation on Thursday.
In line with what one other drilling contractor said last week, the Oslo-listed jack-up rig leasing specialist expects the demand for jack-up rigs – especially the modern ones built after 2000 – to grow further after the market had bottomed out in 2017 with only 296 contracted at the time.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.