Offshore assets still living out their golden years
Diamond Offshore has reactivated two semi-submersible drilling rigs in recent months on the back of firm contracts of up to two years. Although the rates have not been revealed, they must still have been good enough for the company to consider unstacking the assets
While probably not ideal for the market as a whole and not welcome to players with better assets, the recent trends keeps some companies in business during the current tough times
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