Tuesday, August 19, 2025
Offshore drillers to see contract cancellations of up to 3 billion until 2021-oilandgas360

Offshore drillers to see contract cancellations of up to $3 billion until 2021

Oil&Gas The estimated contract value in 2020-2021 is $30 billion in total The Covid-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last two months, and offshore drilling in particular is among the most affected industry segments. A Rystad Energy impact analysis estimates that drillers will see up to 10% of their contract volumes