About 2025 Water Well Drilling Rig Belgium and Norway
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4 FAQs about [2025 Water Well Drilling Rig Belgium and Norway]
How many exploration wells are being drilled in Namibia?
In late December 2024, four exploration wells are underway in Namibia for TotalEnergies, Galp, Chevron and Rhino/Azule (BP and Eni). Two of them are being drilled by semisubs Deepsea Bollsta and Deepsea Mira with the Santorini and Noble Venturer drillships on the other two.
Is the Norwegian semisub market a good investment in 2025?
Accordingly, fewer newbuild semisub orders were made than drillships which foresaw more growth in Brazil and West Africa at the time. As we head into 2025, the Norwegian semisub market is healthy with strong utilization and recent dayrate prints in the mid-$400k’s to low-$500k’s.
Is Odfjell a speculative Driller?
Odfjell is the least speculative driller in the market. Odfjell’s deepwater semisubs have flexibility work anywhere in the world and are 100% contracted through June 2026 with dayrate appreciation from 2024 levels. The company has repaired its balance sheet and pays dividends with an observable path to growth in 2025 and beyond.
Is Odfjell a good Driller?
Valaris, Noble and Seadrill also have good fleets along with shareholder returns but idle time in 2025-2026 has contributed to near-term earnings momentum concerns. Odfjell is the least speculative driller in the market.