What's Next for Offshore Drillers?

Join Us in January for Our Annual Offshore Drilling Seminar

We are excited to invite you to our annual Offshore Drilling Seminar this January, featuring industry insights from top leaders of prominent listed companies and Fearnley's in-house experts.

There is no denying that it has been a rough year for drillers. White space in the benign floater market has weighed heavily, while jackups have been impacted by suspensions. However, we believe the tide is beginning to turn, with expectations for 2025 being reset. Here's why we believe the industry should be on your radar next year:

• Strong Long-Term Fundamentals: Tight supply conditions are supportive of a favorable market outlook.
• High-Base Upcycle: Marketed utilization for high-end floaters and jackups is at 85-90%, creating a robust base when market resets.
• Attractive Valuations: Current low valuations across the sector present compelling opportunities for investors.

Don't miss this opportunity to hear more about the evolving landscape and what's in store for offshore drillers. RSVP today — we look forward to welcoming you in January.