Another company preparing for an uptick in the wake of Arab Spring is Croatia-based CROSCO, an onshore and offshore integrated drilling and well services contractor. "The return of the North African markets to full capacity will be the biggest development for us over the next 48 months," said George Kovacic, a consultant for the company."Events have happened quickly on both sides of the disruption," he said. "Within a two-week period, there was an oversupply of jackups in the region, and now, in another two-week period, we have seen that oversupply balance out. The planned, ongoing projects will be the first operations back on track."
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