- The costs of renting offshore oil and gas rigs have more than doubled over the last two years, and could rise to $500,000 per day, oil company executives claimed on Wednesday, amid a tight hydrocarbon supply situation and as energy security continues to trump energy transition efforts.
- With those lean years apparently behind them and tight oil and gas markets prevailing, companies such as Transocean expect to see an uptick in calls for its equipment.
- Transocean CFO Mark Mey sees a possibility of a $500,000 daily rate in the company’s future.
Offshore Drilling Rates Jump, Could Rise Further To $500,000 Per Day
