MORE MODU ATTRITION KEY TO BETTER RIGS AND CONTRACTOR PROFITS

Gary L. Kott Global Marine Drilling Co. Houston For the offshore drilling industry to remain profitable, the attrition rate of aging mobile offshore drilling units (MODUS) needs to increase. These aging rigs should be removed and possibly replaced with new or upgraded rigs so contractors can deliver more reliable equipment and service to the operators. Unfortunately, only moderate attrition of the worldwide fleet appears likely.

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