Norway leads offshore recovery

摘要

Norway is leading the way during the offshore market’s gradual recovery, according to Mhairidh Evans, senior research analyst at Wood Mackenzie’s offshore supply chain team. Offshore drilling activity has nosedived since the oil price crash, decreasing by 36% globally between 2014 and 2017, said consultants Woodmac, adding that the ramifications for the rig market are huge. Utilisation of the global floating rig fleet dipped from 90% to 65%, and day rates were slashed by up to 70%.