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DryShips, Inc. Message Board

  • audiophul audiophul Oct 23, 2013 4:43 PM Flag

    Ocean Rig presentation from yesterday's Goldman Sachs conference...

    available on the website. Two points I got from it are: 1. UDW rigs are now taking work from DW rigs due to new safety standards that the DW rigs can't meet. Many are over 20 years old, 80% almost, and getting obsolete. This will insure that the young UDW fleet is working for many years to come. Nobody build DW drillships or semi subs anymore. 2. The number of rigs which will be open for new contracts peaks next year. In a recent Seadrill presentation, they suggest that there is work for nearly double the amount of rigs on order at this time, regardless of year of delivery.

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