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Asia-Pacific rig outlook - oversupplied and underutilised

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Report summary

The global rig market is one of the many victims of the oil price crash. An investment boom prior to the oil price's downward spiral has led to a supply glut coupled with decreased demand rig managers are in a conundrum on what to do next. In Asia Pacific offshore rig activity peaked in August 2014 but utilisation has since dropped below 60%.

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    Asia Pacific rig outlook - oversupplied and underutilised.pdf

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