I had the opportunity to speak with Claudette Gaius, Market Analyst, EPEUS, UK, at the IADC Contracts and Risk Management Conference, held in Houston this week. She and her colleagues at EPEUS have written a white paper on the global supply and demand for HE Semisubs.
Here are a few of the major points:
- HE semisubs market segment is picking up
- There are not enough HE semisubs to meet the growing demand and this will translate into higher day rates and potentially, long-term contracts
- Stringent rules for using sustainable and effective HE rigs will force drilling contractors to upgrade their fleet
- More and more independent field operators are entering the HE market, specifically in the North Sea.
Click on the image above to download the entire publication.