Drilling advances ///

Rig construction and aging MODUs. The Directory of Marine Drilling Rigs in this issue doesn’t show a lot of changes from a year ago, and the number of newbuilds delivered is down from recent peaks in 1999 and 2000. And, as the Offshore International Newsletter (OIN) explains in a recent analysis, new construction will likely follow aging and attrition, not the essentially unpredictable market demand.

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