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AWLCF - Offshore Drilling: 2019 Recap And 2020 Expectations
Awilco Drilling plc
This article continues the tradition of writing recap and outlook for the next year for the offshore drilling industry (look here for articles on 2017, 2018 and 2019). As usual, I'll start by reviewing my expectations for 2019 and then proceed to my views on 2020.
2019
Continuation of recovery is postponed until the second half of 2019. Somewhat true. Oil prices experienced major downside at the end of 2018, so I believed that this will deal a temporary blow to the recovery. However, actual numbers (floaters, jack-ups) show