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ESV - Offshore Drilling: Jack-Up Fundamentals May 2019 Edition
Ensco plc Class A
In previous articles on the fundamentals of the offshore drilling market, we have discussed drillships (here) and semi-subs (here). Now, it's time to look at the last piece of the offshore drilling puzzle and dive into the world of jack-ups. The situation in this market is important for investors and traders in drillers with jack-up presence: Ensco Rowan (ESV), Noble Corp. (NE), Seadrill (SDRL), Borr Drilling (BDRLF). As usual, Bassoe Offshore database was used to get the data. I also used numbers from