Offshore Drilling Outlook Bright as Oil Prices Stay High
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Offshore drilling seeing longer contract durations, rising day rates as oil prices stay high and offshore exploration spending to rise through 2027.
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Asia Pacific and Latin America expected to drive half of offshore drilling spending through 2027.
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Deepwater opportunities growing in Brazil, Mediterranean, West Africa and Gulf of Mexico.
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Jackup rig demand increasing, especially in Middle East, Southeast Asia and Trinidad.
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UK seeing more licensing bids and plugging & abandonment tenders providing North Sea opportunities.