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BDRLF - Offshore Drilling: Jack-Ups Fundamentals March 2019 Edition
Borr Drilling Ltd
In this article, we will discuss the fundamentals of the jack-up segment of the offshore drilling market. The situation in this market is worth monitoring for investors and traders in drillers with jack-up presence: Ensco (ESV), Noble Corp. (NE), Rowan (RDC), Seadrill, Borr Drilling (BDRLF). As usual, I used Bassoe Offshore database to get the data.
Currently, there are 562 jack-ups in the world: 301 are drilling, 118 are warm-stacked, 70 are cold-stacked, 70 are under construction, and 3 are undergoing repair/SPS. When I published my previous