Midwater rigs are in a sweet spot, Credit Suisse says, as increasing demand coupled with tight...

|By:, SA News Editor
Midwater rigs are in a sweet spot, Credit Suisse says, as increasing demand coupled with tight supply should push dayrates higher into 2014. The firm highlights Transocean (RIG), Diamond Offshore (DO) and Ensco (ESV) as enjoying the most midwater exposure, with 12, nine and five rigs respectively rolling off contract through 2014.