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BDRLF - Offshore Drilling: Jack-Up Fundamentals September 2019 Edition
Borr Drilling Ltd
We have recently discussed September 2019 floater fundamentals, and now we turn our attention to the jack-up market fundamentals. The situation in this segment is important for investors and traders in offshore drilling companies with jack-up presence: Valaris (VAL), Noble Corp. (NE), Seadrill (SDRL), and Borr Drilling (BDRLF). As usual, I used Bassoe Offshore database and data from my previous articles to prepare this one.
We’ll start with the big picture:
Source: Bassoe Offshore, author’s work
The uptrend remains strong. The number of drilling jack-ups has