The global offshore drilling contracting market experienced a severe crisis in 2014-2021. Significant changes happened both in the structure of the global fleet of mobile offshore drilling units (MODUs) and in the operating companies working on this market. A number of companies became bankrupt; some underwent serious restructuring with the sale of their drilling capacities. Some companies, on the contrary, in the conditions of the "storm" increased their production capabilities by actively buying up MODUs put up for sale. However, improvements have been noted for the offshore drilling operators in the latest time. Daily rates for drilling rigs are rising, rig utilization is increasing, and oil and gas companies are ramping up their production plans. In this article, the authors tried to briefly but widely describe the current situation, show existing opinions of drilling contractors, their vision of prospects and expectations. There is an attempt to make possible short-term forecasts and prospects, including for the Southeast Asia region. The information shown in the article is based exclusively on open sources and does not claim to be absolutely reliable. It has been provided only for the purposes of possible discussion. There is only one indisputable fact in the article, based on the tenders held by the Zarubezhneft Group of Companies - daily rental rates for MODUs have increased significantly compared to the previous 3-5 year period, and this is certainly a positive trend for drilling operators and negative for oil and gas companies working on the shelf.
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