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Offshore rig market dominated by uncertainty in US Gulf of Mexico

Terry Childs

The Deepwater Horizon blowout and the ensuing environmental and political fallout have thrown the US Gulf of Mexico deepwater rig market into chaos and put the near-term future of the industry into question. Shallow-water operations have not gone unaffected, either, as permit approval delays have put the brakes on what was a slightly improving jackup market.

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