Today at 11:43 AM
This year, the offshore rigs were in high demand. Meanwhile, the number of these rigs in the US decreased. As per Baker Hughes data, 622 rigs are now functioning in the US. At the same time, in March 2020, at the beginning of the epidemic, there were 683 of them, and six weeks ago their number was the same. Evercore’s SMD James West identifies several grounds for the growing interest in offshore drilling: