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Fitch sees dayrates go further down for offshore drillers. Pushes recovery forecast further

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Offshore drillers, companies providing drilling rigs for the oil and gas industrys marine exploration efforts, continue to face murky market conditions, and according to Fitch ratings agency, the situation is nowhere nearly close to improvement.

According to Fitch, a 70% drop in oil price, and the offshore rig oversupply cycle have led to a continued market dayrate weakness

http://oilpro.com/links/28746/fitch-sees-dayrate-downside-offshore-delays-recovery-forecast

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