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Chart of the Day: Rig sales volume rose to 26 units in Q2

Chart of the Day: Rig sales volume rose to 26 units in Q2

Sembcorp Marine sold 15 rigs to Borr Drilling for US$1.3b.

This chart from DBS Bank shows the sales volume of oil rigs have risen from 20 units to 26 units in Q2.

Amongst the units sold in Q2, 15 were Transocean rigs sold by Sembcorp Marine to Borr Drilling for US$1.3b. The other units sold in Q2 comprised 11 offshore drilling rigs and one Hercules rig.

In Q1, there were 20 units of rigs sold. Seven were offshore drilling rigs, and 13 were Hercules rigs.

"Strong uptick in rig transactions in past six months is typically a positive indicator of stronger demand prospects," DBS said.



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