Shortages22 Jun 2016 14:10
News out of the U.S. ( read global) indicates there will be a shortage of engineers/technicians available for well completions- work overs - new developments by year end, these being needed to maintain current production rates. Rigs will require to be de-mothballed soon to ensure availability of assets for future deep water exploration projects 2017/18, Rig Owners will more than likey postpone start-ups until contracts on table and signed, not something any Operator will go for, hence shortage of good rigs and crews high likely moving ahead.....all adds to the pressure of available product.