USGOM Floating Rig and OSV Markets Reflect Similarities

Matthew Rigdon, Executive VP and COO

The deepwater mobile offshore drilling rig (floating rigs) market is not always the best proxy for the offshore supply vessel market, but the two are currently trending in similar manner. The floating rig market is corroborating the dynamics of the OSV market with valuations and charter rates moving up at a rapid pace. Also, same…