Rig market perspective The global rig market is witnessing a gradual decline in the floater sector, and the backup sector is expected to be relatively flat for the next three years. The drillship market, on the other hand, could see some positive movement from early 2027. As such, this creates a market more challenging for contractors. The rise in competition, along with challenging conditions over the remaining part of this year into 2026, is impacting pricing levels. Rates at which bidding is
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Rig market perspective The global rig market is witnessing a gradual decline in the floater sector, and the backup sector is expected to be relatively flat for the next three years. The
African Energy Chamber. African Energy Chamber · Original audio. Rig market perspective The global rig market is witnessing a gradual decline in the floater sector, and the backup sector is expected to be relatively flat for the next three years. The drillship market, on the other hand, could see some positive movement from early 2027. As such ...
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